I used to believe that as well but am beginning to question it as an institutional myth pushed by the wealthy.
Think about it. What do the rich do when they have more disposable cash? You see new jobs, factories, and construction all around the Third World, don't you? Why not here? Too expensive? Give them tax benefits and incentives and they'll just invest more aggressively where they can get a better bang for their dollar, again NOT here.
We're on a downward spiral. Government might as well stimulate matters a bit temporarily if nothing else by giving the poor and soon to be (middle class) a few more discretionary dollars to spend on beer, party hats, cigars, & fantasy football. Thus, giving a semblance of normalcy to our foundering, gangrenous, and rather stagnant economy.
bloody spaniard wrote: