Let's see if I’ve got this straight. The top 10 percent of the population in the United States has more wealth than the bottom 90 percent. Many of those in the top 10 percent are business owners, large investors, CEOs of corporations and simply extraordinarily wealthy individuals and families, people who control vast sums of money.
During the past several years, most large corporations have produced massive profits, many raking in record amounts of money. Management has been richly rewarded for this success in both salaries and benefits.
Thirdly, the stock market is at an all-time record high. Its growth over the past seven or eight years has been steady. Large investors have been the beneficiaries of this growth and racked up huge gains.
While I have no problem with people and corporations doing well, considering all of the above, can someone please explain to me, clearly and simply, how tax cuts for the wealthy will create jobs for the rest of us? Where are the jobs that all of the current wealth should have already produced? And how will tax cuts not increase the deficit that the politicians tell us they are so concerned about? Any help you can give me would be appreciated.