danielpalos
Diamond Member
- Banned
- #1,021
with an upward pressure on wages? the left is for raising tax revenue by raising the minimum wage.some States have sales taxes. merely circulating money generates revenue for some States. the point is, more people will have money to spend and conform to the laws of demand and supply.with all of that new tax revenue and economic growth we will be getting?we really just need to get it started. all of that spending will be creating demand and that will require labor.
how much growth do we want in our command economy.
Basically, your prescription is Obama's stimulus on mega steroids, made permanent. We haven't paid off the borrowing we did for the stimulus yet and that was a one time expense less than a third what you want to spend every year. I'm sorry, but your idea is just too expensive and cannot work.
New tax revenue? Think this through. How much new income tax revenue is going to be generated by a hundred million people making 30 grand a year? You're going to spend trillions to get back a few billion, if you're lucky. And as for economic growth, you're going to see millions who are currently working for $15/hr or less simply quit working. That's not going to increase economic activity.
No, the bottom line is, you have a fantasy that you can have the taxpayers take care of you your entire life and you won't have to do anything to earn it. It just won't work. Now, can you finally stop talking about this fantasy as if it will solve all the economic issues we face?
And the working class will have burden, which in turn gives them less to spend.