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URL:  http://boards.fool.com/thats-why-capital-should-be-taxed-lightly-it-26869560.aspx

Subject:  Re: Is your 401(k) Inadequate For Retirement Date:  8/2/2008  8:45 PM
Author:  putnid Number:  13771 of 19741

That's why capital should be taxed lightly. It creates jobs, which in turn leads to lots of other taxes being paid. None of Buffet's employees created a single job.

Sure they did. The bought groceries, cars, houses, TV's, may have paid somebody to mow their lawns, etc. That creates jobs as well. 2/3 of the economy is powered by consumer spending.


And here, in a nutshell, is the philosophical difference between "supply-siders" and "demand-siders."

Supply-siders believe that allowing wealth to flow to the highest reaches will benefit all of society by eventually "trickling-down." We, as a Nation, have engaged in supply-side economics since 1980. The economic metrics suggest the experiment hasn't worked out all that well.

Demand-siders believe that it is consumer demand that fuels economic growth, that if the populace has t