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228 hits Rate me! Share Favorite | Flag 17 years ago by emitchell

Can tax cuts for the rich help the economy?

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17 yrs ago - Wednesday 5/21/03 - 10:17:18 AM EST (GMT-5)
It can if it's done right
17 yrs ago - Wednesday 5/21/03 - 7:55:01 PM EST (GMT-5)
Never! It's a myth to steal from the poor and fatten up the rich! Taxes should be high and I advocate a one-time 100% tax on everyone and everything resulting in an equal redistribution of wealth.
16 yrs ago, 11 mos ago - Wednesday 6/18/03 - 11:44:41 AM EST (GMT-5)
If the rich put that saved money back into the economy (more funding for business which would lead to more jobs), then I suppose it could. But if they simply use the extra money to add to their own pots of gold, then no it would not.
16 yrs ago, 11 mos ago - Wednesday 6/18/03 - 12:11:24 PM EST (GMT-5)
Tax cuts for the rich is kind of a misnomer. Is everyone that pays taxes considered 'rich'? The top 1% of earners pay 25% of the taxes. 36% of US households pay no income tax. I assure you that I am not rich, but I am enjoying my tax cut--My last paycheck was $30 more than the one previous. Anytime people have extra money to take home, it's good for the economy. People feel more secure with their income--they spend it on things that they would not have bought otherwise.
16 yrs ago, 10 mos ago - Monday 7/14/03 - 8:46:06 AM EST (GMT-5)
If you are rich, and you get more money via tax cuts, you are not going to just put it into the bank and collect 1% to 2% interest. You are going to invest it. And you will probably invest it in business. And when businesses have more money, they hire more people or give the people they have bigger raises. So tax cuts for the rich benefits everybody!
16 yrs ago, 10 mos ago - Friday 8/1/03 - 11:22:49 AM EST (GMT-5)
OK, people, one last time. Rich people own most of the companies that employ most of America. Rich people hold our economy together and they pay a lot more of our country's taxes than most of us would ever dream...because their income is higher!!!!!
16 yrs ago, 8 mos ago - Thursday 9/25/03 - 2:11:40 PM EST (GMT-5)
Duh NO!
16 yrs ago, 8 mos ago - Thursday 9/25/03 - 2:34:43 PM EST (GMT-5)
Of course it can, if that extra money is then reinvested and creates more jobs.
16 yrs ago, 8 mos ago - Thursday 9/25/03 - 2:44:29 PM EST (GMT-5)
of course it can, heck, they pay higher taxes so shouldn't they get the biggest breaks?
16 yrs ago, 8 mos ago - Thursday 9/25/03 - 2:56:31 PM EST (GMT-5)
This is waaaaaaaaaaay to complex to give a good estimate of the influence of tax cuts for the rich on the economy.

Put one thing is sure:
Less tax money for the goverment to spend <=> less public and social service for the general population.

16 yrs ago, 8 mos ago - Thursday 9/25/03 - 3:02:27 PM EST (GMT-5)
Some of us see less government as a good thing...
16 yrs ago, 8 mos ago - Saturday 9/27/03 - 12:18:19 AM EST (GMT-5)
This is ridiculous...of course they can. The question isn't "Do they always," it's "Can they?" Cut taxes to a huge corporation and they can afford to expand (creates jobs), buy more supplies (creates demand for other products), and advertise to sell more (creates stock dividends). Is it always good? No. CAN it help? YES! Anyone who wants to take Econ 101 over again, feel free.

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