There has been, for 30 years, an argument made that lowering taxes at the top of the economic chain can create jobs, One of the co-creators of this theory Bruce Bartlett has already stated that this is wrong and it does not work. I have owned 3 companies in my lifetime and can tell you that it is impossible for tax cuts on the wealthy and business to create jobs. Jobs are created when there is demand for a product or service without that demand there is no reason to spend money creating the product or service. So cutting the richest peoples taxes or businesses taxes is the opposite of what needs to be done to create jobs.
For those who don't get it here:
If you own a company that makes a product say "kootles" and your kootles sell very well and people are buying them in droves you hire more people to produce and sell more kootles. If the economy goes south and people can no long afford to buy kootles. you scale back production and sales and end up laying people off. If you had a choice of a tax break, allowing you to keep some extra money in the bank for investment if the economy gets better or a stimulus given to the public that would allow the general public to start buying your kootles again which do you think would create jobs.
HINT it isn't the tax cut because you still have nobody to sell your product too.
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