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Reply #11: Yes, because we've seen how well those Bush tax cuts have stimulated the economy. [View All]

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bulloney Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-17-10 03:23 PM
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11. Yes, because we've seen how well those Bush tax cuts have stimulated the economy.
Isn't the definition of insanity doing the same thing over and over, but expecting different results?

Hey Evan! The concentration of wealth is the highest it's been since the Great Depression. You heard of the Great Depression, haven't you? Do you know what the implications of high concentration of wealth are? It means the middle class is disappearing. Put more money in the pockets of the richest 5% and you'll get nothing but more concentration of wealth. They already have the means to buy new homes, cars, or other capital purchases. More money for them just encourages more speculative investing, creating the bubbles that are hampering the economy today. It also creates the next generation of spoiled brats who never have to worry about stretching a paycheck to the next one; what to do if a catastrophic illness strikes their family; how to pay for their children's education, among other things.
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