Why don't people understand that reducing taxes on the rich benefits the poor?

Question

Why don't people understand that reducing taxes on the rich (employers, small business owners) benefits the poor and the middle class (their employees)?

Answer 1

Lack of understanding of basic macro and micro economics.

Answer 2

Its just like a friend of mine years ago told me how many poor people hire you? None so the reduction of taxes on the rich is needed to create investment opportunities to develop more jobs for the middle class and poor. Reduction of taxes also has raised tax revenues since the rich do not use the tax loopholes that are in place to cut down on high tax rates. Thus the more they spend in the open market develops jobs and stimulates the economy.

Answer 3

But! There is a giant but to this.
You can't reduce taxes without reducing spending. Whenever there is government deficit spending, the value of the currency declines. When the value of the currency declines, the cost of imports go up.
Increased cost of imports, like oil, hits the middle class pocketbook. It is an invisible tax. This adminstration has given tax relief to the upper levels, which was well deserved, but failed to control spending.
Now the middle class dollar buys less.

Answer 4

The rich have had a surprising degree of success in selling the idea that giving them even more benefits everyone. But we are presently allowing two percent to own most American wealth and the increased hardship it creates makes for an even more poverty-dependent economy.http://faireconomy.org/research/wealth_charts.html

Answer 5

You are correct. They can't reduce the taxes on the poor cause the poor don't pay taxes (as a whole) so the ones that get screwed are the middle class workers.

Answer 6

ive never worked for someone that makes minimum wage.

oh and travoltas "comparison" means about as much as the sentences his alphabet cereal makes in the morning.

and for blueridge 2/3 people that make 200,000 or more are small business owners that employ less than 20 people. Small business owners in the US employ 68% of the US working population. So the "rich" as stated by liberals ARE employing a majority of the workforce. but dont let facts get in the way of your class warfare.

Answer 7

Where are the facts?

I've compared the percent increase in inflation adjusted growth for several past presidents.

The ones that saw the highest growth were the ones who shifted the tax burden to the rich and increased social spending in the form of education, job training, etc on the working class.

Answer 8

They'd rather revel in the schadenfreude of hurting the rich people they're so envious of.

That type of person doesn't really care about the poor.

Answer 9

Sorry - you have conflicting ideas in your question.

The "rich" are not the "employers" or "small business owners."

Two different entities.

And reducing taxes on the RICH certainly does NOT benefit the poor.

It's official designation is called "Piss on the Poor" economics (or as the Raygun fans called it "trickle down economics) and it does NOT work. If it worked, then why did the Raygun years leave us in debt?

Answer 10

lol

I understand that if someone comes to me with a money making scheme and the scheme involves me making some sacrifices now, while he makes out like a fat cat immediately, and he says my benefits will come only after he has had his full and is so gorged on benefits that some will trickle down to me at some point down the line.......I know in everyday parlance that would be called a con job.

Con.....HMMMMMM!!?!!