“Class warfare … may make for really good politics, but it makes for rotten economics,” … “If you tax something more, you get less of it,” Ryan said. “If you tax job creators more, you get less job creation. If you tax their investment more, you get less investment.”
Actually that is not true. Taxes create roads, bridges, safe food, medicines, national defense, and safe water, and in many cases jobs. It just depends on what type of tax structure you have. One that benefits the many, or the few. You see, the more money the middle class has, is more money they will be able to spend. Thus helping corporations who want people to consume … to consume.
I’m not an economist nor am I Paul Krugman, but this does not seem to be rocket science to me. If the job creators are doing such good job creating jobs, where are the jobs?
Then comes this amazing stat from the United States Census Bureau.
Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.
The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and families.
No class warfare? Republicans have been waging a war on the middle class for years. Wake up America.