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Posted by: Methew
If the rich were responsible for job creation then them having more money would lead to them creating more jobs with the excess funds them have.
Realistically, the study made very little sense to me when it came out and still does not.
It showed no strong correlation between tax rates and investment at all - including investment. That includes buying stock.
The wealthy have, and always will, save most of their income and spend little in proportion - especially compared to the poor and middle class. To say that cutting taxes, which increases their take home income, does not increase savings rates among the wealthy seems extremely counter-intuitive given research into money multipliers among income brackets.
[Edited on 11.28.2012 12:25 PM PST]