American companies have never had more cash on hand, the top 2% have never paid lower taxes, and the rich have never been richer yet we have some of the worst unemployment that America has ever seen. If the rich create jobs then all of these factors would indicate we should be seeing huge gains in employment. That however is not the case.
The problem is the Trickle Down Theory only works when consumer confidence and consumer spending are high since the rich will look to get richer and spend if they know there is a return on their investment. Unfortunately both of those categories are depressed right now and it makes no sense for the rich to hire more people to create more products if now one is going to by the additional production.
No comments:
Post a Comment