Quote:
Originally Posted by David Newman
The number has to be low enough not to pull jobs away from the private sector while high enough to get people interested. It's been phenomenally successful in Argentina and India and there is no doubt there is a number that would make it successful, here.
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Indeed. This idea is wonderful. Isn't this what FDR essentially did?
In times of ecomnomic downturn instead of wideneing the gap between rich and poor by lowering taxes (a ridiculous concept popularized by Ronnie) taxes should be increased to directly give jobs to the unemployed.
The unemployed (now employed) then work on projects that will benifit big business and society when the economy returns to normal. (bridges, roads, power plants...)
What has happened instead is that the wealthy have used downturns to increase their wealth at the expense of the middle and lower class.