Thursday, October 30, 2008

Economy squeeze hits high end stores...

http://www.signonsandiego.com/uniontrib/20081030/news_1n30luxury.html

Maybe this article will help all my liberal friends understand trickle down economics. When the rich get pinched, either by high taxes or by their investments blowing up, they stop spending money. When the stop spending money, the people that sell things to them, goods and services,(who are not rich) lose their jobs. When they lose their jobs, they don't generate any production for the economy, then have to get unemployment potentially welfare, etc. Just one example of why taxing the rich to support bigger government is a bad idea, but one that generates more government.

No comments: