Reply #6: It seems that you and others forget a very important [View All]

part of the equation

When the government brings that money in it spends it.
It is used for social programs
that means it spends it on people
those people either spend it themselves or it is paid to providers
who them spend it
It is spent for food, rent, clothes, all kinds of things
that is then spent for more hires because of demand
that $70 billion a year might be spent 6-7 times before
it ends up in a rich persons pocket
6 times $70 billion is $420 billion - a lot of that is wages or profit
which itself is taxable so the tax base increases

more money in the pipeline increases the tax base
increases demand leads to need to hire
so the only logical conclusion is that by taxing the rich leads to job creation
so that is the only way the rich are the job creators