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My thoughts on the idea of tax cuts for the rich is that if it worked, great, make it so! If at the end of the Bush term, we lived in paradise, I would say go ahead, give the rich huge tax cuts since they will trickle down, create an environment where everybody in the country has high paying jobs and we will all be living in paradise. But since that didn't happen, or in actuality the opposite happened, it is hard to support the idea. I think that it takes two to tango. Unless the people receiving those tax cuts put it back into the economy or hire people in their businesses, then there is no benefit to our economy. If you have alot of money, chances are that your bills are paid up and you already have a nice lifestyle, so that money is going into the bank. You are not going to buy something because you can now afford to buy it....food, for example. I can give examples, but there are studies done out there. I think that the bailouts are a great example. Look at all the money given to these banks and not put back into the economy or small businesses.
As Einstein once said, the definition of insanity is performing the same actions repeatedly and expecting different results. The tax cuts didn't work the first time. Somebody pointed out earlier, quite brilliantly I might add, that they are still in effect. So, where is this job churning machine that I keep hearing about. If anything, I think that we can say that if there is one thing that we have learned about them is that they have been categorically proven a failure.
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