Rich People Don’t Create Ongoing Jobs, Customers Do

And customers are largely the middle class which is being legislated out of existence. Raise Taxes on Rich to Reward True Job Creators by Nick Hanauer, a very successful entrepreneur and self-described “very rich person”, writing on Bloomberg News makes a good case. Tax cuts for the rich mostly just make rich people richer at the expense of poor people and the middle class leading lower consumer spending and a weakening economy.

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