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To: Skywatcher who wrote (18147)2/12/2004 7:37:34 PM
From: Chad Beemer  Respond to of 48461
 
Trickle down economics works it takes time obviously to work its way down however we are seeing signs of a better economy because of this tax cut. If you listened carefully to the charasmatic Alan Greenspan yesterday he mentioned how the job market had increased in skilled jobs.

If I am flipping burgers at McDonalds would I rather do that or stay home on unemployment. Staying home keeps me on the rolls while the likely teenager or immigrant worker takes that job.

If I am a wealthy person I likely won't spend as much if the government is taking a larger portion of my income. When I spend money on any item it has to replaced by someone down the line. Companies operate the same way and when they don't get orders they lay off workers. If I am a public traded company I do this also to retain value to the shareholders.

I hold no grudges to anyone who is rich or has wealth. That is just part of any society and I don't believe class warfare helps anyone.

Don't assume that all rich people are greedy self centered people. I know alot of middle class people that fit that category as well.

I think we all need to be thankful for what we have and if you don't believe go visit some third world country.