The maxim – Tax Cuts Spur Investment. Give the small business owner a tax cut and s/he will invest it in their business.

The evidence offered is large number aggregation. Truths without much specificity. The claim cannot be supported by close examination of any longitudinal data covering a set of businesses or investors showing that the money was used to add jobs to an existing business or create jobs in a new business.

Suppose you are a millionaire, the tax cut you will receive under McCain is $12,000. What do you do with this money?

The econocaste says that you will use it to expand or start your business, thereby increasing jobs. Dear Mr K-streeter, how many Joe the plumbers will you hire for $12,000? Dear Joe, can you work for $12,000?

What I see happen among those millionaires and webionaires I know, is that money would be spent at restaurants, oh and sales of assets to take advantage of the write-off. This means that at best capital would leave the asset pool, rather than remain for manager’s use.

—–

do you save food for tomorrow ,for next year .. how hungry are you … do you breathe slowly to preserve the your air .. if you are dying do you eat your last Jell-O ..