2016 Postmortem
In reply to the discussion: Hey, Middle Class: Hillary Gets It [View all]Populist_Prole
(5,364 posts)Hoping for increased economic activity via tax breaks for corporations is putting faith in the old "build it, and they will come" meme....aka supply-side theory.
Demand-side means just that. A healthier working class ( that works ) produces demand that a company must expand for, or suffer the inability to take advantage of higher sales etc.
No company, but no company, big or small, would logically hire more people just because their taxes went down. You hire more if you cannot meet demand for more widgets with the existing resources. Demand, at present is lower due to lost jobs or downward pressure on wages. Lower costs just went right into their pockets as higher profits....and they're sitting on it, as they sneer at us and demand more placation.