Do tax cuts stimulate the economy? That's the theory according to politicians
In reality, even economists aren't sure whether it actually works or not.
My personal opinion is that theoretically tax cuts will stimulate the economy but it isn't real life.
People's motivations are different. Does a CEO of a large corporate company who saved probably a billion or two dollars extra this year will spend it on growth and thereby creating jobs?
Most of them just pay themselves huge bonuses and get richer. A few others may stimulate growth tho but does it justify the cost of an extra budget deficit by cutting the tax rate? We don't really know.
And here's something interesting.
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ppl tent to spend more money if they have more money in their pockets. the evil billionaires that must be killed... invest in factories and create more jobs when they have more profits in their pockets..
@TheOneyouwerewarnedabout rich people don't need to or want to increase their spending, they have all the food, health care and housing they want. They off shore the funds, which takes it out of the economy.
Poor people need more of those things Since I spend the money and it goes round, helping the econony.
