Are Republicans right do the Rich or the Wealthy create Jobs

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Higher taxes do not help economic growth, if the economy is already booming, higher taxes doesn't really cause too much harm, but tax hikes when the economy is in the shape it is in currently will just make a bad situation worse.

Rich People aren't investing because there is no guarentees that their rights will protected, the Obama Administration has shown they have absolutely no respect for the rule of law.

1. Chryslar bondholders getting the money they should have gotten from the bankruptcy taken away and given to Obama's political allies (the Unions)
2. The NLRB telling Boeing that they can't have a factory in South Carolina because it is a right to work state.

And there are numerous are things this administration has done.

Just because liberals want to ignore the facts, doesn't mean the facts are going to go away.

Oh yes, the rich are very afraid of investment, after the tax cuts for them and the many bailouts they must be in panic.

If you are going to quote someone, Vexcalibur, quote them in context; stop with your dishonest stunts.

Link: http://patriotupdate.com/9731/get-ready ... l-tax-rate

Sometimes.

Sadly its an uneven measure - taxing them through the nose in certainty kills jobs and kills the economy, taxing them less doesn't give equal benefit - it increases jobs and the economy some although its not quite as drastic as the disincentive thanks in large part to globalism.

Problem is the uncertainty as far as regulations and the fact you can't count on the rule of law being followed.

The last 30 years of data indicate that taxing the wealthy less kills jobs and kills the economy.

No, it doesn't, otherwise when Bush lowered taxes following 9/11, we wouldn't have seen unemployment go to 4-5%.

and even worse when it is in the hands of the wealthy and the government.

So you're allowed to think that's evidence of a job well done, but the budget working so well under Clinton was somehow none of his doing?

There has been downward pressure on middle class wages for 30 years.

You are forgetting the Dot Com bubble was during the Clinton Years...

Investing can be a big risk. A very big risk. People/businesses do it in hopes that the reward will outweigh the risk. If taxes/policies limit the reward, than it isn't worth the risk and investment stops. With low investment, that hurts new/small businesses, and definitely limits job creation.

Again, and for the record Vexcalibur quoted me way out of context (as usual), the issue is that investors can't rely on the rule of law being followed. They see all the anti-business rhetoric from the White House, the total disregard of bankruptcy law, the fight Boeing is having with the NLRB, etc. and are saying in response that they aren't going to invest in this environment, and quite frankly I don't blame them.

Hmm...any ideas on the mechanism in that?

He's saying Correlation equals causation, which is false.

Example:
There is more crime in the summer, more ice cream is sold in the summer, therefore ice cream causes crime.

Correlation is not a sufficient condition for causation.

Correlation is, however, a necessary condition for causation.

If two things are not correlated, then you can claim that most likely they are not causing each other. It seems that when there's rain, there is no drought. So, there is no correlation between rain and drought. Thus we can with much certainty say that rain does not cause drought and that drought does not cause rain.

The 30 last years in the US probably do not show that less taxes causes unemployment, but they should show that it does not cause employment.

It is a cool yadda yadad.

Investment is supposed to be a risk, and it will always be. But that's another topic.

The US has the lowest tax rates for the rich, the US government has shown in the last couple of years that if you are rich and fail to do a successful business move, they will gladly pay your bills. It is insane at this moment to believe that the crysis in the US is because of rich people being mad at the government. Because the US government has given them the lowest taxes possible and a promise to take care of their debts if they do something wrong.. How can those things be seen as a way to scare investors off?

Unemployed in the US? The reason is certainly not high taxes for the rich. Because taxes in the US are very low for the rich. It is also most likely not "fear of Obama" either, because Obama has shown to be quite a corporate lap dog. The commie Kenyan Muslim that was painted by the Republicans turned out to pretty much continue most of Bush's policies, including the nonsensical tax breat to the rich.

Have you come to notice that maybe the rich have it too easy? Since they can now expect the government to pay their bills why should they work into improving the economy? Isn't giving free money to rich going have the same bad repercussions of causing people to become lazy as giving money away to the poor does?

Do the rich have any reason to create jobs? Why would they want to do it. You talk it as if the rich were gentle creatures that would gladly create jobs as long as their entitlements to free money and lower taxes are running. Well, that's clearly not the case as the unemployment rate should tell you.

Maybe (just maybe) the rich would return back to progressing and working hard if they had some competition to make them a run for their money rather than a government promise to protect them forever.

Last edited by Vexcalibur on 22 Jul 2011, 4:29 pm, edited 2 times in total.