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unhinged
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'now, there's a pretext - of course, there's always a pretext. the pretext [of tax cuts for the rich] in this case is, 'well, that increases investment and increases jobs.' but there isn't any evidence for that. if you want to increase jobs, if you want to increase investment, what you do is increase demand. if there's demand, investors will invest to meet it. if you want to increase investment, give money to the poor and the working people who spend it, not on expensive yachts and vacations in the caribbean, but on goods. they have to keep alive, so they spend their incomes. that stimulates production, stimulates investment, leads to job growth, and so on.
if you're an ideologue for the masters, you have a different line. even if there's no evidence for it, even if it makes no economic sense. in fact, right now it's almost absurd - corporations have money coming out of their pockets. it's not that they're short of money. goldman sachs, one of the main perpetrators of the financial crisis, is now so wealthy - thanks to government bailouts, taxpayer bailouts - that they're preparing for the next crisis. there's no shortage of cash in their hands. pouring more cash into their hands is not in order to increase investment, or, as the term that's used, 'jobs' - that's just a euphemism - it's simply in order to increase the extraordinary concentration of wealth and with it stagnation for the rest of the population. well, that's exactly what you expect to happen when you put power in the hands of those who are going to follow the vile maxim - to maximize profit and profit and power for themselves.
in fact, general electric is paying zero taxes and they have enormous profits. this lets them take the profit somewhere else, or defer it, but not pay taxes - and this is common. the major american corporations shifted the burden of sustain the society onto the rest of the population.' - noam chomsky
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180829
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