Saturday, December 10, 2011

It is the middle class that create jobs through Customer Demand… Trickledown economic ain't working #OWS

There seem to be a number of stories bubbling up to refute the "Tax Cuts for the rich to create jobs" mantra we hear in congress every day. 

The logic seems undeniable. When the 99% benefit through more disposable income demand in the economy grows and this creates job opportunities and companies grow to meet the demand. Companies do not invest in jobs if there is no demand to be met. The growth of the last couple of decades has been fueled by the middle classes using their disposable income. In many cases they engineered disposable income by cashing out on their house values which now leaves us with the debt overhang and underwater mortgages.

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