Letters to the Editor
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How Giveaways To The Rich Slow The Economy Down
To me, putting more money in the hands of the richest citizens may not necessarily spur the economy, but how does it actually slow it down?
1) It forces the government to reduce spending, throwing people out of work.
or it
2) Forces the government to borrow, which feeds inflation and higher interest rates.
or it
3) Forces the government to tax the middle class and poor to meet its obligations, which leaves them with less money to spend and invest.
Since consumer spending drives our economy, any of these scenarios can impact that spending and result in immediate, serious economic consequences.