Why I don't like giving rich people more money

Okay, what happens when a person in the upper middle class, or higher, do when they get a raise in their paycheck due to a raise or decrease in taxes?

A little of it gets spent, a dinner out, something for the family, a better vacation.

But most of the people at in that income class already have 'enough' so they put it in the bank or make investments in things like stocks or bonds.

I wonder how many people realize that except for during an IPO that the money paid for a stock doesn't go to that company. That the stock comes from a brokerage firm or other investors that are selling their stock.
It doesn't go to anyone that is going to create a job.

Unless its another nanny for Muffy and Elwood.

The argument that the Republicans make that giving these people more money via lower taxes will create jobs is pretty much bullshit.

 If you give a person just making it from pay check to pay check a few bucks, he is not very likely going to save it or buy stock.

They are going to spend it.

Fill the refrigerator, new shoes for the kids, maybe take the family out to pizza.

 The difference is that it gets spent. And that creates jobs. Local jobs.

The same can be said for the government.

 The people that argue that the gov. Spends too much money are missing their own point.

The gov. spends. All of the money that it received from taxes, fees and is borrowed gets spent.

When gov. spending is reduced it decreases the amount of money going into the economy that puts people to work and generates tax revenue.

 In your personal economy think about what happens if you find yourself with your spending being limited by your income.

You can decrease spending.  But that's not fun.

In the case of the gov. decreasing spending leads to lost jobs and decreased revenue.

It's a downward spiral.

The other path is to increase revenue.

You can work a few more hours, a weekend gig, and other options. Not fun, but an alternative.

The gov. can do the same thing by raising taxes or even just close loopholes.

More revenue, more spending and more revenue.

Another spiral but it's upward not downward.

With a little judicious budgeting eventually the extra work, or taxes, can be rolled back.

Just my thoughts.