Tuesday, September 13, 2011
It has been a while since we simply posed a question, and we thought that this might be a good time to do so again.
President Obama recently unveiled his job creation proposal. It was roundly criticized in a number of circles from various angles. The private sector "job creators" essentially took many of the jobs previously held by Americans and transferred them to China, India, and other countries where they could find workers willing to work for far less than most Americans. An argument has been made that the regulatory and tax environment here in the United States is what drove them to transfer the jobs elsewhere.
While listening to the criticism of the President's proposal, several questions occurred to us:
1. Assuming no change in regulations and the reduction of corporate and capital gain taxes here in the United States, will they create new jobs here or bring those jobs back here to the United States?
2. Assuming regulations are eliminated, but taxes remain the same, will they create new jobs here or bring those jobs back here to the United States?
3. Assuming regulations are eliminated, AND taxes are reduced or eliminated, do you think that the private sector "job creators" will create new jobs here or bring the jobs back home?
The ultimate question is whether we have a guarantee from the private sector "job creators" that if the government gives in to their requests, it will inure to the benefit of middle-class American workers.
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