Tag Archives: investment
Upward Flowing Economic Prosperity
The Trickle Down Economic theory proposed by the rich has it all backwards. It theorizes that tax relief of the rich will spur them to move their equity around which will stimulate economic growth. Perhaps it will stimulate further economic wealth for the wealthy but it will have little effect upon improving the standard of living for the average wage earner. The greatest factor for economic growth is consumer spending, not individual prosperity or investments. The more people spend on goods and services the greater demand there is for consumables and products. More demand means expanding businesses. Expanding businesses means more demand for jobs. Continue reading
The Economic Power of the Middle Class
The top 1-2% would like the public to think that they are responsible for stimulating the economy and thus deserve tax relief so that they will have more to stimulate economic growth. It truth it is those who spend not those who are wealthy that stimulate the economy. The very rich spend only a small percentage of their wealth on goods and services. The middle class spends the majority of their income on goods and services thus creating the demand that contribute the greatest share towards economic growth. Continue reading
Posted in Economy
Tagged benefit, Business, capitalism, Economic growth, economy, goods, Henry Ford, invest, investment, job, Middle class, Obama, profit, recovery, Republican, rich, salary, services, spend, tax, wealthy, worder
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ouR Social Conscience 