Monday, June 13, 2011

A Very Good Dog

The theory of giving tax cuts to the rich goes something like this: If they have more money to spend, they will invest it in their businesses — after all, all rich people are business investors — and then their businesses will grow, which means they will hire more workers, who will pay more taxes (because only the workers pay taxes), and they will buy more stuff from places like Wal-Mart and other small businesses, and then, hey presto, economic happy days are here again.

So the idea that all the wealthy people will do with the money they save from paying lower taxes is sock it away or just buy more stuff like expensive houses and exotic cars and then spend $230,000 for a dog to guard them is just a lot of left-wing rabble-rousing propaganda.

I’m glad we cleared that up.