Let us reason together

Help me with this. I obviously don’t understand how things work.

Let’s see, the answer to the rampant unemployment and the stock market problems we are experiencing is tax cuts for the rich. Why? Because they’ll use the saved money to hire people and will invest in the stock market.

Sounds good, except the tax cuts are currently in place and those people aren’t hiring even though their profits for the last quarter equaled and in some cases even exceeded the profits they enjoyed before the “recession.” According to the theory, they should be hiring and investing, but they’re not.

Why is that? And why should we believe that if the tax cuts are extended, they will once again start hiring and investing if they’re not doing it now? It seems that one answer is that they’re only interested in personal acquisition of wealth. Naahh, that can’t be right, because it’s too easy, too simplistic, so it can’t be the answer.

But what is? If it’s going to work then, why isn’t it working now? I must be missing something.

Jeff Brown

Spokane Valley