If tax cuts create jobs, and we've cut taxes since RayGun, where are the jobs?

[UpInArms]

just askin'

[midnight]

They shipped them out of the country. China, India, and other markets..

Then they bring in the visa worker to lower the salaries.... They " corporate free loaders " thought of everything....

[cliffordu]

1. I've been asking this question since the Zombie Prez was resurrected.

And that is the SINGLE question that Dems need to ask for the next 20 fucking years.

:grr:

[UpInArms]

4. thanks - clifford - it's the question that keeps running over and over in

my head - echoing - louder and louder

where are the jobs?

[The Blue Flower]

2. You know, you could get arrested for asking

Better watch yourself

[krispos42]

3. Oh, the pet psychiatry field is doing spectacular

Yacht builders were doing good until a couple of years ago.


Um... butlers? Maybe butlerly is doing well.

[jmowreader]

7. Not sure yacht builders were doing all that well...

Rich people tend to buy pre-loved yachts because even the filthy rich know a $50 million 150-foot yacht that's got a few hours on the engines is better than a $50 million 100-foot yacht fresh from the factory.

[valerief]

5. There are plenty of new jobs, just not in the U.S. nt

[UpInArms]

6. then, why cut taxes here if the jobs are ....

somewhere else?

[valerief]

10. So the wealthy can invest overseas and make more money for themselves. nt

[spanone]

8. it's hogwash....and it's all they've got.

[OhioChick]

9. China and India n/t

[bluerum]

11. Thailand. China. Various low labor cost countries. Why do you ask?

[UpInArms]

12. because the tax cut mantra continues without question or reason

why do you ask about my askin'?

[bluerum]

14. Cause it's obvious where the jobs are going. Figgered you knew.

I agree though. They keep going on about tax cuts and jobs. The debt ceiling will be a big one too. Wall Street will want to cash in on that one. I bet AIG is insuring against US sovereign debt default and all the while rooting for the debt ceiling to be raised.

[Hugabear]

13. Um, that's why we need MORE tax cuts for the rich

You see, we just haven't cut them enough yet. If we could eliminate taxes on the rich altogether, then we'll have more jobs, I tell ya! Let's just shift the entire tax burden to the poor and middle-class. The rich folks need all their money, we can't bother them.

:sarcasm:

[HughBeaumont]

20. I am reminded of this gem:

"We just need to get RID of taxes on the rich altogether! THAT'll solve everythin!"

[Zorra]

15. Most everywhere but here? nt

[Paradoxical]

16. They're in China. Would you like me to book you a flight?

[moondust]

17. Seriously...

At one time the U.S. actually needed more manufacturing and other productive capacity to serve the growing appetite for goods and services of the growing American middle class. Government stepped in to help companies make the needed capital investments in the U.S. by granting them tax cuts. Adding more capacity created more jobs.

Then came Reagan and the rapid growth of corporate offshoring until now I suspect that any tax cuts the government hands out for capital investments may actually be plowed into offshore facilities, thus stimulating foreign economies and foreign job growth at the expense of U.S. taxpayers and workers. At least I'm not aware of anything that would prevent that.

I'd say the Republican notion that "tax cuts create jobs" is obsolete by about 30 years.


Edit: Does not apply to small businesses that do not offshore jobs.

[quaker bill]

18. With rare exception,

tax cuts do not create jobs. While there might be some rare exceptions in service industries, managers do not hire just because they have money in the budget. They hire because there is work to be done and not enough staff to do it. Tax cuts do not create more work, so they generally do not create jobs.

Tax cuts generally create more idle capital. Since the 1980's and the massive cuts in tax rates for passive gains, idle capital that stays in the US generally goes into speculative bubbles. Other portions of idle capital has gone to foriegn markets to create low wage jobs producing goods for this market. This is part of why China and India are growing so well, and we are not.

In a true sense, tax cuts have produced jobs just not here.

[Admiral Loinpresser]

19. Our rhetoric should be something like:

"When the rich pay their fair share in taxes, everybody prospers. Bill Clinton's tax policy proved it. Remember the late 90's, when the US didn't have enough jobs and college grads got signing bonuses. Then remember what happened to unemployment and the deficit when Bush cut taxes for the rich?"