I cannot believe that Rep. Paul Ryan actually believes his own mantra that giving more money to the rich will stimulate the economy for the greater good. The wealthy do not say, “Oh good. Now that taxes are lower, I can afford to hire more people and make more of my product.” It doesn’t work that way. Never has.
The economy responds to demand. If the wealthy discover that the demand for their product is outstripping the supply, banks will gleefully lend that company money to hire more workers to make more of that product. That increased demand is fueled by people having more money to buy it. Paul Ryan knows that full well. He has learned that from books and observed it in real life.
Tax breaks do mean more money for the wealthy. Recent stock market gains indicate that Wall Street is salivating over the prospect. They either hide the tax savings in foreign banks, invest in automated machines to lay off more workers or buy things that flaunt their wealth. Real economic growth happens by putting more money into the hands of the people who will use it to buy more goods. Be honest, Paul. Do you really believe what you are telling us?