Comments by "dangerouslytalented" (@dangerouslytalented) on "Washington Focused on Spending Cuts or Jobs?" video.

  1. @JerezJulio There is no impetus to create jobs anyway, because the poor and the middle class are already spending more than they are taking in.
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  2. @Bass20HZobsession Taxation in the US was highest during the 1950s, the top marginal rate was 95%. And guess what? That was when the economy was growing the fastest. Why? Because the rich knew, that if they wanted to grow their wealth, they could not simply take it out of their business in the form of big CEO salaries, but they had to keep it in their businesses, hiring people, buying more equipment, opening up more shops whatever.
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  3. @OriginalTharios It is the closest we still have to having a Black Art.
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  4. @Bass20HZobsession Your hero Ronald Reagan raised taxes 17 times after the first tax cut put America massively in debt.
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  5. @Bass20HZobsession The rich have been getting rapidly richer far longer than that. The Fed has been giving money to them because basically if they don't keep inflating the bubble, the whole fucking world economy will collapse. It happens WHENEVER the ultrarich hoard a massive amount of capital, that is what has powered every single bubble since the days of the tulips in the 17th century.
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  6. @Bass20HZobsession The inflation is already happening, except it is ONLY in resources, not in pay for the people. This results in prices rising, but wages remaining stagnant. This is due to massive speculation, which is due to the ultrarich having all the spare money, with the middle class and poor being stretched to the limit, and there is no impetus for the wealthy to invest in jobs, because there is no money in making jobs if the consumers don't have money. Basic economics.
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  7. @Bass20HZobsession It has not done that. You know what happened when Reagan cut taxes massively? The rich did not build factories, they went and got mink coats for their wives and started on a binge of speculation, first in s&ls until they collapsed, then in junk bonds, then dotcoms, then subprimes, then food and oil... When they have massive amounts of money, they simply do NOT create jobs. Because there is more money to be made in self inflating speculation.
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