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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (684929)	11/15/2012 2:17:56 PM
From: i-node	Read Replies (2) \| Respond to of 1576807

>> Unlike the other sectors, the wealthy only spend a small fraction of their income on consumer goods. So, you think those wealthy people just cram all that money under their mattresses? This just reeks of a total misunderstanding of how our economy works. Investment creates new jobs. Taxation has never created a job; at best, it destroys private sector jobs in favor of an equivalent number of public sector jobs. At BEST. More typically, it creates less than one private sector job for each public sector job given up. We've known this at least for decades, some would argue it has been economic knowledge for centuries.