The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
8% are unemployed because the people working do not have sufficient incentive to go out, work harder, or start new businesses.
Profit is not sufficient incentive to work harder or start a new business? The present barriers to business are primarily lack of consumer demand and secondarily lack of available credit - not a lack of desire to make a living!
Cutting the payroll tax did nothing. It is a failed policy. Making work pay is a failed policy. They are all failed policies, and the numbers dont lie.
They failed - because they returned tax dollars to tax payers?
Not when profit is subject to confiscatory taxes and ever shifting regulations.
THe present barriers to business are an uncertain regulatory and tax climate.
The payroll tax cut failed to stimulate the economy. It is a failed policy. All it did was incresae the deficit.