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Originally Posted by jeffk
Many of those truly struggling financially don't pay income taxes anyway so a "break" for them does nothing for them or the economy.
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This right here.
No way should ANYONE get welfare for life because they CHOSE to have 12-15 kids and not work! We need to define a shorter term for welfare recipients. After 2 kids.... You are out of the program. You do not get 4, 5, 7 tries.
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As to thinking that invested money doesn't help retail, that is naive. Companies that receive investments are able to hire more people or raise salaries or buy equipment (allowing other companies to hire people) to increase productivity that then allows them to raise salaries. Many of the recipients of those increases are NOT rich and spend the extra money they just got. We just had a banner sales year for Christmas. That was very likely fueled simply by the anticipation of better economic (business) times including personal benefits improving. Those $1000 bonuses we are reading about are buying TVs, home improvements, etc. Those bonuses are fueled by tax breaks and by anticipation of new investment money coming in from rich people who got tax breaks.
Investment is an essential part of the economy and directly and indirectly allows people to buy things.
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Oh my