Saturday, May 28, 2011

NICE! THOM HARTMANN GETS A LITTLE NOTICE

Mediaite showcased his attack on the Free Market Fairy Nihilists and that will get more people aware of Hartmann and  his pro-worker ideology.
Liberal Host: Fox Business’ ‘Makers Vs. Takers’ Segments Feels Like ‘Class Warfare’
by Tommy Christopher | 1:35 pm, May 27th, 2011

...his most revelatory insight is his debunking of the myth that wealthy individuals and corporations “create jobs.”

But where Hartmann’s commentary really shines when he debunks the notion that wealthy corporations and individuals “create jobs.” This myth has been a linchpin in the Republican argument against allowing the Bush tax cuts to expire, arguing that “taxing the job creators” will hamper the economic recovery. It has also been repeated, unchallenged, by countless mainstream media reporters and hosts. The fact is, you could cut taxes on corporations to zero (which is what many of them pay anyway), and not create a single new job.

Businesses don’t hire people based on the amount of cash they have on hand, they hire on the basis of need. No matter what the tax rate, if a business can make more money by hiring someone to make/do something they can sell, they will do it. Conversely, if they can make the same amount of money, or more, without hiring someone, they won’t, and cutting all the taxes in the world won’t change that.

No comments: