I don’t get how you could take the same or more money out of the private sector and then expect more private sector jobs to exist.
Wouldn’t the payroll tax cut with 38% top marginal income rate be better than a payroll tax raise with keeping the top marginal income rate at 35%? If anything, wouldn’t increasing the top marginal would probably result in lower prices and less government revenue (because those people would just offshore their money rather than pay it)?
I just get so infuriated when I see how stupid I think Bachmann acts. She thinks that fairness is objective unless she’s lying when she talks. Granted, Obama’s not bright in terms of economics either and thinks in terms of what he deems fair. However, I think his ignorance actually allows more liberty than Bachmann’s stupid intentions would.
Of course you can create jobs with government revenue. Tax the richest who are more likely to save at this time, hire as many people as possible to work for you doing the most labor intensive process as is possible. The idea that government can’t create jobs is bogus. The idea that the government can create productive jobs or sustainable ones with public works projects is almost equallly so.