On May 29, 2012, Paul Buchheit writes on CommonDreams.org:
“Does wealthy America have a point, that giving them all the money will ensure it’s disbursed properly, and that it will create jobs and stimulate small business investment while ultimately benefiting society? Big business CEOs certainly think so, claiming in a letter to Treasury Secretary Timothy Geithner that an increase in the capital gains tax would reduce investment “when we need capital formation here in America to create jobs and expand our economy.”
“They don’t cite evidence for their claims, because the evidence proves them wrong. Here are the facts:
The Very Rich Don’t Like Making Risky Investments
The Very Rich Don’t Like Taking On Risky Jobs
The Very Rich Corporations Don’t Like Spending On America
“The richest individuals and corporations are really good at building up fortunes. They’re even better at building up their “job creator” myth.”