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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 