@cbae: I stand corrected then, he's well educated in the wrong form of economics.
Here goes again;
It's like that movie Herbie posted. More consumers, more demand, more economy, more jobs.
More tax, more regulation, less consumers, less demand, less economy, less jobs.
by pleading to increase the taxes, while he should be pleading for government to back off. In tax aswell as regulation. We are on the wrong side of that curve that Proton posted. Tax and regulation are doing more harm then good. Unless you think we are on the right track in handling this crisis.
@cbae: give a man a fish and he can feed himself for a day, give him the means to fish and he will feed himself for a lifetime.
Stop giving away f*cking fish and start handing out f*cking rods!
The whole more tax means less consumers argument is entirely dependent on how that tax is spent. If it's spent on expanding infrastructure then it means more work for people which increases consumers. If it's spent on education that means more qualified workers for our increasing service industries, which means more consumers ... etc.
Warren Buffet proposes increased tax on people once they get rich, not while they work towards being rich. I don't see how that prevents anyone from taking part.
As for fishing rods -- the majority of charities (except for those dealing with immediate famine, disease and natural disasters) are all about the teaching of fishing -- they figured out decades ago that propping people up with handouts doesn't work in the long run.