What's Wrong With Us?

The question remains, do tax cuts equate to improved jobs pictures or higher earnings or debt reduction? Well, not according to IRS figures as well as other reports. If you take 2001as a base, because it was a recession year and the first year of the Bush tax cuts, and compare it with 2011, a decade later, you find there are fewer jobs, substantially lower income per capita and far higher debt. Of course we need to remember in the intervening years we've fought two wars on credit and we've gone through an expansion of shifting jobs overseas. Unfortunately it hasn't been just the low skill jobs that left. Many if not most jobs that left were higher skilled. What it all boils down to is that we've been trying the Trickle Down Theory off and on  for thirty to forty years. It hasn't worked. We've tried lower taxes and lower interest rates for a decade. They haven't worked. We need to try something different. It's time to start looking at a trickle up theory. Let's give some breaks to the poor and middle class for a change and let the rich pick up the tab. If the interest rates go up, it'll help savings. If taxes go up for the rich, maybe they'll finally understand what it's like to be forced to do without. If job creators ship jobs overseas, let's tax the products when they come back. Lets not make it so easy to ship those jobs out. If the job creators decide to move their families and wealth overseas, let's confiscate everything they left behind and confiscate anything they ever send back. I think we could develop a whole new generation of job creators right here, without those that left. When times are hard, like now, ya gotta get tough with them. And anyway, it's not the job creators so much as it is the politicians  that caused these problems. Maybe an alternative solution would be to ship the politicians overseas.