Originally posted by Gravekeeper
View Post
Low wage workers do not remove money from the economy. People in the highest tax brackets do because they move it off shore or invest it into things like capital gains. Which they have fought tooth and nail to keep the taxes on ridiculous low. Thus essentially removing money from circulation in the economy.
Do you know what makes low wage workers remove money from the economy? Not having enough money. When lower to middle class people don't have enough money they save. The economy doesn't benefit when everyone is holding onto their money. You want people to have money so that they spend money.
Crazy, I know.
Crazy, I know.
Comment