Explain it to me again. How does raising taxes improve the economy and create jobs?

It doesn't. Even Obama admitted in the past that raising taxes during an economic depression isn't smart. Yet, he's doing that exact thing.

I'm going to provide you with an example. Apple has about $10 billion cash in a financial savings account. It's doing literally nothing with the money except for accumulating a small interest expense that goes again into financial savings. Apple is not a financial institution it can't invest willy nilly in different companies and efficiently explain that to stockholders so it both has to use the money to purchase patents different businesses, hire extra employees and so forth or do nothing with it. It is finished a bunch of the matters listed above and extra like provide out a dividend on its stock. However for probably the most phase that money sits doing nothing. $10 billion greenbacks theoretically would pay for a hundred,000 men and women to work for 1 yr with a total compensation of $a hundred,000/year. Rather it does nothing. Meanwhile colleges have school rooms which can be over crowded and lecturers are out of labor. Firefighters and cops were being laid off throughout the country in droves. Building tasks across the nation are in drastic need of repair but nothing is being achieved. Now I"m now not saying we take all of apples gains and use them to hire academics, firefighters and law enforcement officials. However apple is a microcosm of corporate america. They are not the only enterprise with this kind of financial savings account (albeit they could have the biggest). Elevating taxes on profits for them with the aid of just a few percent won't damage the bank for them. But it surely could possibly make an international of change for a part of the unemployment difficulty. The govt is able of making jobs. Most teachers for instance are paid with the aid of the government in a technique or yet another. No longer that there isn't govt waste. However you by no means hear anyone provide you with useful methods to minimize govt waste apart from chopping whole packages that had a rationale to with. The govt. Will have to be ashamed of itself for the poor administration and the waste. But those are two separate problems. There are instances where the govt might use more cash for doing productive matters. There are situations the place companies don't even have anything to do with the money they've amassed. That $100k for benefitting society some guy who's currently unemployed would be doing would to a hell of much more excellent than it sitting in a financial institution account of some random organization. EG That man might now pay his loan and begin a financial savings account helping the banks be capable to mortgage extra money to new business and develop the economic climate. He would purchase stuff. Stuff for his children and household. He could get insurance and so on. In a single individuals case it would not make a change however in a gigantic scale it surely does. We've a shared prosperity. In case you are living in a rich town the eating places do better the universities do better each person does better. With that cash simply sitting round all of us do worse. Except for the organization who does indifferently considering the fact that they've maxed out development otherwise they'd be spending the money they accrued. If apple had an idea they inspiration they would spend the cash on that might make them extra money no doubt they would spending. However presently they don't so the economic climate sits idle.

The reason why we should raise tax on the rich is to give poor people and the working class a hand so they can start to buy things and stimulate our economy and create jobs. In order for us to give the working class tax deduction without raising the deficit; it has got to come from a demographic (someone has to pay for it).

When the government brings in tax revenue the money does not just sit in a savings account. The money is spent on different programs. One example is SNAP or foodstamp programs. The government gives money to the working poor to help buy food. Other than the obvious benefits to the American food industry food stamps provide other advantages to businesses. Many businesses including Wal-Mart, the biggest American employer, use food stamps to subsidize their payroll. That is just one example. Others would include direct government employment (military and civilian), contracted construction, federal aid for schools, etc...

How liberals see it is the rich have millions of dollars that they are doing nothing with so, they can tax it with no problem. The fact is most are investing that money and taxing it takes the money out of the market and it hurts the economy.

Well, Bush cut taxes like crazy, and it didn't improve the economy or create very many jobs, did it?

See: we have spent MANY years getting tax cuts WHILE fighting two, decade long, 3 trillion dollar wars. Now we have to PAY for those wars, something Bush failed to do and left for Obama to handle. While many republicans believe that the ultra wealthy shouldn't have to bear ANY burden for the cost of their own policies, the rest of the country understand that we ALL have to pay for our debt and that wealthy and middle class people pay via taxes while poorer people pay via fewer benefits and services.

It’s quite simple. There isn’t historical correlation between the unemployment rate and the top marginal tax rate. No. Don’t be lazy. Do it yourself.

Google “historic US income tax rates” and “historic US unemployment rates.” If you are even marginally good at excel you'll be able to merge these onto a graph. Otherwise, just eyeball it.

Seriously. Do it.

it really doesn't create jobs or help the economy. it takes money from the wealthy though. it is basically about wealth redistribution and reducing inequality. and the wealthy can afford to pay higher taxes. people shouldn't be too worried about them. taxes are actually fairly low in historical terms.

It's false narrative.

Name one person who said "I don't want to make 10 million dollars, if I have to pay 1 million back in taxes".

The market is driven by supply and demand, not by tax levels.

- 17R3W