Search SEARCH

Why do people believe that lowering taxes for the rich creates job?

Cross reference the top marginal income tax rate and historic unemployment. There is no correlation. Even so, why does the myth of Supply Side Economics remain so powerful in the conservative imagination? Yes. Conservatives always believe the tax rate is to the right of the apex of the Laffer Curve. Laffer may have touched on some fundamental truth with this conjecture, but as you said, it does not apply in the current situation.

Asked By: - 11/8/2012
Best Answer - Chosen by Asker
Trickle-down isn't a completely groundless recovery principle, but it doesn't help the situation that we're in... More
Answered By: CAustin - 11/8/2012
Additional Answers (4)
It's been on the selling block for decades, and it seems many haven't woken up to the fact that it just doesn't pan out in reality.
Answered By: melouofs - 11/8/2012
 
The main issue is not the tax rate. It's the regulations. And no amount of tax breaks will convince employers to hire when conforming to regulations are either too complex to consider, or too costly... More
Answered By: Integration 20 - 11/8/2012
 
Here is the way it works. The more money the rich have, the more frivolous toys they can purchase like a yacht. Now they need a crew for the yacht, somewhere to purchase it, and another to have it serviced.
Answered By: Vyzygoth - 11/8/2012
 
First you have to assume that it is right and good for a government to unilaterally set the price for its services and then collect that price by force of arms if necessary. Everybody in the country has to assume that, even if they refuse to face their choice. But repression does not change reality: there is no fair... More
Answered By: SmartAZ - 11/8/2012
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
New job opportunities added daily. Search Virginia jobs now!
VirginiaJobNetwork.com
Click. Search. Apply. Free!
www.JobDiagnosis.com
Jobs hiring near your local area. Part-time, Full-time, Work at home.
www.HiringLocally.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-210
eTrustLogo