Washington has been very busy the last few years reinventing the English language with euphemistic code words." Revenue enhancement" has replaced "tax increases", "deficit reduction " has replaced "cutting services", " intelligencia" has replaced " people with a good education" and so on.
The one that has been driving me crazy this summer is that "Job Creators" is being used to describe the super rich and large corporations, many of whom are sitting on huge piles of cash that they have funneled into home offices at Swiss mail drops. Cash holdings by corporations are higher than they have ever been and they are not creating jobs with the money. If we can give them more tax breaks until they are just choking on $1000 bills maybe they will hire a new groom for the stables or someone to clean one of their homes. That seems to be the plan anyway. "Raising YOUR taxes" is code for " raising taxes on the super rich who finance my campaigns while swiftboating my opponents". Most readers of this blog were never in danger of being included in the group whose taxes may have been affected by closing loopholes and special favors in the tax code.
It's time to get back to telling the truth. This spring I dipped into my life savings and bought a new car, a pug, mill, and a kiln. Guess what, I'm a "Job Creator"! I'll bet you've bought some groceries, had your car repaired, paid your taxes, bought fuel, maybe some clay or a set of tires. Guess what? You're a job creator too! Pam, when you bought that pitcher from me in Maysville, you joined us. Welcome to the club everyone.. Has anyone worried about taking money out of your pocket and crashing the economy? Not likely. Not unless you are a Job Creator of the paragraph two variety. The truth is, capital alone does not create any jobs. What creates jobs is demand. Period. If surplus corporate capital created jobs we would all be working .If there is no demand, trying to create jobs is like pushing a rope. There is no viable business model that supplies goods and services to people who can't purchase. If all the burden of getting out of this mess falls on the backs of the real Job Creators consumer spending and home sales will not be able to increase, our economy (and tax revenue) will be unable to grow and we will continue America's economic decline.
We cannot solve our problems by only cutting services to the poor, the school kids, and the elderly. I agree that we have too much debt and that we have to fix the problem.I agree with John Boehner when he says we can't take money out of the hands of Job Creators. I just disagree about who the Job Creators really are.