S.Lyger
I assumed the concept was that by giving those people tax breaks theres more capital to work with for starting companies and CEOs have more capital to hire and purchase assets with for expanding companies. The problem though is that it doesn't quite work out that way for everybody. Some do do that, others just use it to make more money continue to make their companies smaller and outsource jobs for lower labor costs. It seems like its just greed
Somewhat right. It was more in lines with taxes. By cutting taxes, everyone got a bit more money in their pocket to spend, which forced companies to hire more employee's. Now, let's be blunt. At the time Reagan did it, it worked. The massive outsourcing didn't really start for a while after that.
Companies spent more in taxes because profit margins went up due to increased production, which hired more people, back before it became a liberal talking point that the blue collar workers weren't nearly as important as illegals. (That was a major sore point with Reagan was that amnesty program).
NAFTA was a goat ******** and that goat is still getting ********. Between that and some of the other stupid laws we've had passed, it's been interesting.