“We need to encourage those at the top of the income scale," he said, "to put their money to work and create more jobs.
Cantor is clearly talking about the trickle down effect. American middle class and poor know this does not work.
http://www.politico.com/blogs/politicolive/1011/Ca...
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Cantor and the rest of the people in congress are just spokespeople for the rich. The trickle down theory doesnt work, because the rich won't create more jobs, they will continue to try and maximize profit and minimize expenses, which employees are. The backbone of the economy are the workers and laborers and without them there is no economy. We need to tax the rich. Everyone should pay their fair share and when they place all of the burden on the middle and working class, they have less money to spend and it actually harms the economy.
Greece too has trickle down DISASTER, brought about by borrowing themselves to death.
Greece won't last the year.
We are much richer but not indefinitely immune to a similar fate.
I have nothing against Cantor but it seems his words are no more than politics.
He knows very well companies are still shell-shocked from 08 when business
credit froze, so out of fear they harbor money for possibly another rainy-day.
He also knows the fear of Europe entering another recession which makes
American businesses cautious.
Housing may still be sinking, Obamacare will increase operating expenses,
And last but not least, the possibility of another four years of a closet-marxist
in the Oval Office creates fear in businesses.
Cantor knows all this: That's in part why businesses aren't hiring.
If that's what he said, isn't that an admission that they're not doing it yet. And since the Rep. Party has been claiming all along that the wealthy are the job creators, doesn't that also mean the Republicans have at the very least been mistaken and at the most liars? Doesn't that mean if the wealthy don't get on the stick and do what the Republicans say they do, then they darn well better be taxed at a rate at least as high as when Reagan was Pres?
It particularly doesn't work during periods of low inflation, as we have now. Wealth can be preserved just by sitting on cash or cash equivalents.
LOL
If he was serious, it would mean that he wants to raise taxes on the rich unless they invest it in their business.
Fat chance