We’ve gone over this before. In a recession the government should put money into people’s hands. It can do this by increasing spending or reducing taxes on lower and middle income groups that will spend the money. When people buy things, employment goes up. When employment goes up, more people have more money to spend, and the cycle continues. It really isn’t that hard.
Wal-Mart’s latest earnings report showed less than expected sales. The company blamed an increase in the payroll taxes. Well, of course. Wait until the sequestration kicks in. We should really see a slowdown in the economy. Perhaps Republicans want that.
Wal-Mart did report one bright spot. Sales of weaponry have increased since the Newtown massacre of little children.
Just watched a great documentary on Netflix called "We're Not Broke". It was a documentary stating that the nation is not broke. Essentially, the tax burden has shifted from Corporations and the rich to middle America. It also goes into the details of how multi-national corporations have offshore subsidiaries ans use them as tax havens.
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