Saturday, December 25, 2010

Don't Hold Your Breath For Those 250,000 Jobs

Scott Walker's whole job plan is to cut taxes on the ultra-rich, so that they can create jobs. Don't hold your breath for that to work:
What's noteworthy about the narrative is the degree to which it defies simple common sense. It shouldn't be a matter of debate that only one thing creates jobs, and that's demand for companies' goods and services. The idea that a business that was booming would refuse to hire people and forego expansion because top tax rates might nudge upward is as silly as the idea that a business that has no customers would add new employees because its owners expect taxes to be low.

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