Where Have All The Robin Hoods Gone?

Did you know that consumers account for 67% to 75% of our economy? So what if they do? What does that have to do with our budgetary debates? Well the short answer is that it probably won't have very much to do with the debate. That's a disaster waiting to happen. It's sort of like saying it doesn't matter if nobody buys products, companies will still continue to make them. What if the government eliminated all the safetynets, the entitlements, for the poor and middle class so it could give bigger tax cuts for the rich and corporations. How would that help the economy? On the other hand what if the government gave out more in entitlements for the poor and middle class and raised taxes on the rich and corporations. In the second example, more people would have more money to buy more products that would have to be manufactured. In the first example, fewer people would have money to buy products, therefore the products would not get manufactured. Now, you could argue, as some do, that by taxing corporations and the rich, there would be insufficient money to fund the growth that corporations must make in order to begin to increase manufacturing. They also claim that corporations would move off shore. To this last I say, check the news. They've been doing that for years. Because we make it easy for them to do it. Some say our taxes on corporations are far too high. Too High? GE and a bunch of others didn't pay any taxes. Secretaries making $20,000 per year pay more in taxes then most of the rich and corporations. The only companies who pay the listed tax rate must have incompetent tax lawyers. But going back to the question about funding expansion, corporations are sitting on more cash then at any time in history. They don't need to borrow, they already have the funds. What they need is people with some money in their pockets who can buy their products. How do we get people to have money in their pockets? I don't think it's by taking away entitlements. I think it's by taxing the rich and giving some of it to the poor. What we need is a few Robin Hoods in Washington. That's how we got to have entitlements in the first place. We had some Robin Hood types in the past, but recently it's become a bad word to suggest taking away from the rich. Who made it a bad word? The Rich.