tag:blogger.com,1999:blog-3426800777521979578.post6987023430087310919..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: "Big [tax] giveaway" proves even more of a fraud on WisconsinitesUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3426800777521979578.post-73254235688592228202017-01-24T21:05:43.943-06:002017-01-24T21:05:43.943-06:00Well stated, Jeff. Your experience reminds me of t...Well stated, Jeff. Your experience reminds me of the first time I was introduced to supply-side as a teenager. My immediate reaction was "No, that's bullshit. You won't get more money by taxing the rich less, and they won't do anything with it." <br /><br />25 years later, I believe that more than ever. In fact, I'd argue that lowering taxes on the rich STOPS jobs from happening because the incentive to hoard and gamble overwhelms the benefit of investing and growing your company. <br /><br /> Want to jump-start Wisconsin's economy? RAISE WAGES and encourgae entrepreneurs over well-connected corporations. Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-55876449097407966752017-01-24T20:05:17.100-06:002017-01-24T20:05:17.100-06:00This whole argument needs to be put down once and ...This whole argument needs to be put down once and for all. Giving money to people who already have lots of money does not produce jobs.<br /><br />People don't open businesses or expand operations because they have more money. They do those things when there's a greater demand for their goods and services.<br /><br />In other words, businesses expand when their customers have more money, so what happens when you shove wages down?<br /><br />Caveat - yes, at the extreme high end of taxation, reducing taxes and stimulate growth, but whatever gains we were going to get from that have already been realized. Now it's just more cash in hand for people who already have bunches.<br /><br />It's been almost 30 years since my one and only economics course at UW-La Crosse, and I still have a clear recollection on diminishing marginal returns.<br /><br />Yes, I wanted to be an English teacher. Go figure.Jeffhttps://www.blogger.com/profile/02427829158996224733noreply@blogger.com