Wednesday, July 13, 2011
Do you support the Republican's efforts to increase taxes on the poor/middle and decrease taxes on the rich?
That's why Ryan's budget is a recipe for rampant stagflation and another Depression. If you increase the tax burden on middle and working class people's you'll have a decline in consumer spending, that will mean those who have access to liquid capital won't be investing in those Main Street level opportunities that create jobs, they'll put their money into equities and commodities markets. Rampant commodities inflation will ensue, which will make the cost of doing business greater and result in jobs being lost, and then we get a downward spiral of ever increasing commodities values combined with declining employment.
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