President Barack Obama is using Keynesian Economics.
What are Keynesian Economics?
Many Politicians argue to increasing taxes in order to promote government spending so that they can give it to the lower class so they can reinvest it in Private Corporations. This is using Keynesian Economics.
Why Keynesian Economics will not work!
1. The rich (Business owners & other employers) already pay the majority of the taxes.
2. Where is the government getting the funds for the stimulus plan? TAXES, thus they are taking money from the economy to inject right back into it! REMEMBER, GOVERNMENT WILL TAKE THEIR CUT OF THE TAXES ASWELL!
3. What is the point of the stimulus plan? To invest the money back into the business owner from the consumer.
THIS IS SOCIALISM!
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