How does investing our way out of debt compare to a business doing the same?
Question by Common Sense: How does investing our way out of debt compare to a business doing the same?
Investing your way to growth in business means taking market share or automating to reduce your employee count.
Government already has 100% market share. They cant create jobs that do not increase our debt and they have no market share to chase except exports that will change GDP. Higher taxes just means less for consumers to spend. In other words they are indirectly forcing us to spend our own money.
Best answer:
Answer by Time to Shrug, Atlas
Your name is fitting.
Too bad there is not more of it in the media or Washington.
What do you think? Answer below!
Makes no sense. Look the money is there it’s just sitting on corporate balance sheets and in the bank accounts of the wealthy. The middle class has nothing left, business does not need to hire to make money, doesn’t matter how low their tax rates are.
It would be much better for yes, the government to step in, tax that money on corporate balance sheets, tax that money in the bank accounts of the wealthy, tax layoffs, and then directly hire people. Don’t worry the people will spend and business will get the money right back, except they would then have to hire due to the increase in demand.