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How long do you think it will take the government to figure out the jobs dilemma? I am sure that Congress and the President are busy working on this in the middle of their vacations. I just spent five minutes thinking about it and here is my analysis and plan.
In order to create a real job there has to be demand for products or services. In order to purchase the products and services that companies provide, consumers need money. What is the quickest way to get money into the pockets of consumers?
My Plan: Substantially reduce the payroll tax.
Within 30 days, this will put more money in the pockets of all working people. The vast majority will spend whatever amount they get whether it is $10 or $1000. With around 160 million job holders with more money to spend, the increase in demand could be substantial. Therefore, since spending increases demand; increased demand increases jobs. Increasing jobs means more people with money which will create more demand which will create more jobs which will create more taxpayers which will generate more revenue for the government which means more dollars to fund the government or pay down the debt. What is wrong with this logic? It must be something. It can’t be that simple. Can it?
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