6th May 2003, 3:18 PM
Quote:I am not an american , But you got to see the big picture. IF your dad takes that 300$ and buys a new DVD player and millions of others do the same with other products that means economic growth, Which leads to more jobs and oportunities.The Rich would use that money to build small busineses meaning more jobs.
That's called Trickle-down Reganomics. It failed miserably. The theory in practice is just about as successful as you'd expect from such a ludicrous concept.
Quote:It does sound unfair when you say it like that, Geno. But you have to realise that that same corporate billionaire is paying several million dollars in taxes, while your father is paying no where near that amount.
Which is why the rich guy shouldn't have a tax cut...