Tuesday, June 14, 2011

It's Your Money, Spend It The Way You Want.

Here's the thing. Corporate America is enjoying record profits at this moment. Corporations hold a record trillions of dollars in cash. Ya know what? That's exactly what their job is. Corporations are supposed to make as much money for their investors as they can. That's what they get hired to do, that's what they get paid to do. Nobody disagrees with these statements. So, if it's true, then why should they create jobs? Jobs cost corporations money. That takes away from the profits and that takes money out of investors pockets. It just isn't in the best interests of corporations to create jobs. That is, unless there's a profit to be had in creating those jobs. What would cause that profit? If there was a demand for the corporation's products beyond their present capacity to manufacture them, then there would be an incentive to create jobs. Then it would make sense to create jobs to meet this new demand. The real question then, is how do we create that demand? Answer; put money in the hands of people who might buy the products the corporations manufacture. How do we do that? We could put more money in the hands of millionaires and billionaires, but there's two problems with that. There aren't as many of them and they're not as likely to spend that money. The other suggestion is to put money in the hands of the middle class and the poor. There are loads of these people and they very likely will spend the money. So how do we put the money in their hands? Either just send them a check or maybe a better way would be to spend loads of money of our infrastructure. Lord knows it needs work done on it. That would put loads of people back to work which would solve another problem. Namely unemployment. Then they'll be paying taxes on their income which will help on the debt and deficit issues. Now why didn't I think of this before? Why didn't congress think of this? Isn't that their job?

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