reducing taxes or realities of depitalism?
An informative chart that was shared on an article on someone’s explanation about whether reducing taxes will result in better employment statistics.
I will state again, what is driving the sluggish economy and high unemployment numbers is:
1. lack of confidence in leadership of government (federal, state, city)
2. demands of payments for overspending in the past (whiplash of depitalism)
3. reality of overspending (the hangover affect of depitalism) and resulting responsibility in getting finances in line
#3 is a good thing
#1 may get resolved in the November election
#2 is ongoing and needs to be paid back/resolved in order for disposable income to increase
BTW I agree with the author of the article
earlier posts on depitalism:
https://icubud.wordpress.com/2011/09/09/depitalism/
https://icubud.wordpress.com/2011/09/12/economy-and-depitalism/
https://icubud.wordpress.com/2011/10/03/depitalism-need-to-correct-our-economic-infrastructure/
