Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror

Comment Re:Wait .... (Score 3, Insightful) 939

Adding to what you wrote, across the board tax cuts do not really help people in lower income groups. The popular theory propagated by the Pubs is that it stimulates growth which is partially true, but it also results in inflation which wipes out the advantage of getting an extra hundred dollars in your paycheck for low/middle class workers.

This is exactly what the Bush tax cuts have achieved. Education is the most important factor that keeps income inequality in check and allows future generations of low/middle class families to catch up with rich kids. The cost of college education has soared to an extent where only the rich can send their kids to the top schools, irrespective of merit. The U.S. used to be such a great country because there was some balance between capitalism and socialism. The extreme forms of both have proved to be unworkable. In the past 8 years the balance has tilted firmly in favor of capitalism. If the basic framework of an economy is weak, how can it support long-term growth? If healthcare costs soar to an extent where it's not possible for small businesses to afford it, most people will be afraid to leave their jobs in big firms to form startups.

Slashdot Top Deals

Logic is the chastity belt of the mind!

Working...