Real life example of tax cuts for the middle class.
Yesterday I received a check from the UK Tax Office, it was a refund on some of the tax I over paid on my pensions. $400 so no big deal, yet if it was 5% of my taxes or $8,000 a year it would be a whopping hole in the UK tax revenue if applied to everyone on an income that brings taxes up to that level.
$400 tax, yes someone earning $32,000 a year. Would get $400 back a year with a 5% tax cut, which would mean a lot of people losing jobs or more borrowing/debt for the UK.
Now what will I do with my whopping sum of $400? I might buy a new Nokia phone or some more clothes. If every one does the same, the shops might need to employ an extra shop keeper, the ports might have to employ a few more people, but it's so automated the odds are they won't. Truth is the extra spending will be balanced by those who lost their jobs and have no money to spend.
Nokia in the Far East might take on more workers and build more factories. Unlikely because one sale gained is one sale lost.
On the off chance they buy an iPhone, again it will be made in China. Someone who lost a job will not be buying a new iPhone.
So where does this extra spending produce extra jobs or wealth?
This whole philosophy is based back in the 50s and 60s, when Chinese people were starving to death. I dream magazines will come back, you dream of these times coming back.
The fat cats have brained washed you.