Heck, the republicans no longer call the rich... rich... But instead now "job creators"...
But the thing is the big businesses and often small ones right now are actually doing better than ever. Profits are up. Taxes are lower than ever. The money is in.
What do we get from this? Nothing.
The rich and businesses are actually doing great right now with the economy basically mostly affecting the lower and middle classes. The businesses are getting better and better at doing more and more and making more and more with less and less people. There's no incentive to hire anybody else because there's simply no reason to. It's often actually a boon to profits!
This is all mostly in the private sector. Frankly most of the private sector doesn't actually need to hire anybody else. And if you look at our recent history of tax cuts employment has been going DOWN as taxes go down.
Then you could look at the public sector. A lot of people want cuts that would result in the firing of potentially millions of public sector workers. What they don't seem to realize is that the public sector is a large force in the economy. When those people are fired the jobs simply disappear. With the current trend of the private sector not actually having many jobs available it'll just lead to a WORSE economy with HIGHER unemployment and LESS spending within the economy by the lower and middle classes.
Basically, the big businesses and rich are NOT job creators. The processes have become too good. They don't need to hire people to make massive amounts of record breaking money like they are right now.
Cutting jobs from the public sector will not result in much of anything beneficial. The private sector is not ready to absorb those jobs. The private sector is currently in the rut and no tax decreases will change that. Instead nothing but more job DESTRUCTION will come of these plans.
Mark my words, the current Republican plans would be just as damaging and unhelpful as the Bush years, probably significantly more so.
The key to helping the economy is helping the lower and middle class rise back up through creating incentive for businesses to hire more people, not firing them, not giving them massive pay cuts which leads to just less spending.
For years we've been DESTROYING jobs. Right now they're just gone. The rich and big businesses have no reason to hire anybody else.
The economy could mostly be fixed by job creation which the rich and big business are not. We MUST create incentive for job creation. Lowering taxes and cuts are usually COUNTER PRODUCTIVE. Job destruction through cuts is always COUNTER PRODUCTIVE. The middle class is key to the economy and is currently the most abused class paying the largest portion of taxes (as percent of their income) and disappearing. Instead our current path seems to want to continue to help only the upper rich class and the big businesses while shoving as much of the middle class to the lower class which screaming "You're too greedy! Cuts! Corporate tax breaks!"....
I'd like to see some alternative plans for job creation. Again, tax cuts and cuts in general will not work. The companies are doing better than ever. Taxes are lower than ever. Just continuing the Bush trend would be idiotic and ineffective.