“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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Why do they need encouragement? Most folks at the top of the income scale put their cash into bank CDs, tax free bonds and rental real estate. Trans national corporations put their money into buying up smaller corporations to increase market share. The fact that the world is already at 100% production, and that production is owned and operated by an ever smaller number of larger corporations seems to be lost on Cantor. Corporations are in the process of shedding high paid workers, hiring 3rd world workers and acquiring automation to reduce the need for any workers. This 21st century realty means that the American wage earner is pretty much out of business. Barack's idea of rebuilding our social and physical infrastructure, investing in new industries like solar, wind and high speed rail using Made in America materials, labor and equipment requires capital....and the capital is there stacked up in banks at low interest. Government contracts would allow US based companies to access that capital to gear up to fulfill those contracts and taxes on the 'rich' would pay for those contracts. Given the system ALL of that money would become profit and flow back to the wealthy. That's how a market system works. But of course the name of the game is $%^&iIngaover Barack, not dealing with the legitimate needs of the 95% of us that work, or at least used to work for wages. Should these weasels win big in the next election cycle decent wages will be hard to come by in this country, the social and physical infrastructure will fall into a black hole and the police power of 'their government' will be turned full force on the people that are already in the streets. If you want a fascisti government run by the corporations, kept in power by government armed force and lulled into compliance by waving flags and shaking crosses be sure to vote for the GOP/Teag/Fox 'News'/Jesus freak party. You heard it here first, folks!
Why should anyone create more jobs in America? Our workforce is the least educated in decades. American workers demand too much for the amount of effort they put into their jobs. Our workforce is lazy and spoiled.
For example companies used to offer health care as a "perk" and part of a compensation package as a way to attract talented and dedicated workers. It was not mandated. Now working are demanding the government force companies to provide health care.
America needs to wake up to the ugly truth, we the people are our own worst enemy.
Sadly, he is very serious. Someone should define insanity for him. Trickle down hasn't worked before, to keep repeating the same method and not solving the problem is classic "insanity."