Quote:
Originally posted by Hwed
cthulu, I'd ask for some of what you're smoking, but if it's going to make me that gloomy, I'll pass. 
If you want to improve quality of life, you need to increase the demand for goods and services produced by workers across the spectrum. Encouraging investment and allowing people to keep more of their money is a good start.
People gripe about tax cuts for the rich (if you define rich as a married couple making $100k a year, like the Democrats do), but the fact is that excess wealth in the hands of the upper 50% does a tremendous amount to stimulate and grow the economy in the long term.
If a low-end wage earner is given more disposable income, that worker is very likely to spend most of it on consumable goods. No new investment, no new jobs.
On the other hand, middle- and upper-class workers will spend excess disposable income on two things: consumables AND investment. This newly spurred investment funds new business opportunities, creating jobs and giving those low end workers a chance to move up the scale.
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Starting with a personal attack? Not exactly helping your point.
People could raise the needs for goods if they were paid enough to buy the goods without going into heavy debt.
Tax cuts never stimulate the economy all they do is take away services to help those who need it. Education cut, Fed. aid to cities CUT, (which makes sense seeings how we are in terrorist times and need the police), HUD, Social Security being raped, and so on.... Oh excuse me the Administration can afford us to go into heavy heavy deficit to fight a war.
Give the low wage earner more disposable income and he'll spend it???? Oh my lord, you hypocrite. First you say buy more then you say "if we pay the low wage earner enough to live, he may go buy things and increase demand." It's one or the other, either pay workers more or demand drops, can't have it both ways.
As for this Upper and middle class investing and buying more, hate to disappoint you but I know from experience that most of them sit on their money until times get better. Look at the market exploding isn't it with these tax cuts and "investments". Don't think so. In fact, very, very, very, few people I know (and I know some big boys) are investing in anything but gold, silver and the Euro, some Real Estate but none of that involves new jobs does it?. They don't stimulate it is the grunts, those low end wage earners you talk about that affect the economy.