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Politics : View from the Center and Left

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To: TimF who wrote (94160)	11/5/2008 6:09:05 PM
From: Lane3	Read Replies (3) of 541431

What about this point: "The other flaw in trickle-down is that globalisation of the supply chain has meant that productive investment by the rich in the west is rarely directed into the home market: instead those new jobs that are created, are generally overseas where the associated costs and regulations are far lower. So cutting US tax rates is not going to create any significant number of new jobs in the US for this reason also. " The financial sector did get bloated, but its undergoing a correction It still seems like too much of the money of the rich is non-productive, bubbles notwithstanding.

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