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thenewgreen · 4352 days ago · link · · parent · post: The TED Talk TED didn't want you to see [video]
Demand is driven out of necessity first. If you have a product that people need or if you satisfy a niche that someone else doesn't you're likely doing alright even during times like these. Rising tides don't raise all ships, there will still be some that just can't make it based on the fickle nature of the consumer or a faulted business plan. You can tax the rich and give money to the middle class and it still may not save many businesses. They might just spend more at Target. There are so many factors that go in to consumerism, I'm just not sold on the fact that taxing the wealthy leads to more jobs.
For the record, I'm okay with taxing the wealthy at a higher rate in conjunction with spending cuts to get us out of this mess, but I don't think thats where "jobs" are created. I do think that's where deficits are eroded though. Again, not an economist.