I don't get all this talk about how the rich and businesses are job creators, and so taxing them more hurts the employment market.
From my understanding of how businesses operate, and I've taken some university business classes, companies focus on two things: marketing their product and reducing costs. Reducing costs means eliminating jobs; the fewer the employees, the greater the profit.
Businesses only hire more people when they absolutely can't meet the demand for their product or service with the employees they have.
So consumer demand is the real job creator, and that's the vast, consuming middle class, not the fewer rich.
That's an argument for a vibrant middle class with sufficient income to purchase goods and services. Yet, over the past few decades, more and more of America's wealth has been going to fewer and fewer people.
That reduction of consumer wealth is a recipe for economic failure, even for the rich.
For the wealth of all, including the rich, we need a tax-and-spend system to constructively redistribute wealth to create a stronger, wealthier middle class through better, government-subsidized education at all levels.
It worked with the G.I. Bill after World War II.
Ian Murphy
Park City
