Quote:
Originally Posted by rusnak
I am all for higher consumer savings. I think a hiring tax credit for businesses might do it, but probably an investment credit would be better, for tangible assets. Put money into the hands of small businesses and they will spend it. Put money into the hands of the wealthy, and they will save it away. Force business to spend, and prices will go up in a nanosecond, draining the pockets of the working class.
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I like a hiring tax credit for low wage labor better than a minimum wage. It encourages more hiring. In a consumer economy like ours, we need somehow to get money into the hands of large numbers of consumers if the economy is going to grow.