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Name:
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CRD
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Subject:
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Economic illiteracy on parade
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Date:
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7/22/2020 6:18:06 PM
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MM, I thought we had already been through the basics of payroll taxes with Fish? Now Fish, even though you consider me the Cashman, :), believe it or not, I have put on hold some purchases and projects that would immediately get taken care of with a payroll tax holiday of some sort. I make a call, schedule a long overdue project, the boss tells me he is 2 months out, but he is slowly getting busier and does not want to lose my ( and other's) lucarative business. So what does he do? HE HIRES! So in one transaction, many of us greedy capitalists contribute to getting this economy back on its feet by decreasing the number of those looking for work. Now when the holiday is eliminated, the newly hired worker will see a drop in his take home, but he has the opportunity to make it up in OT, added skills etc. T
To me, this makes far more sense than either printing more money that we can't back up, or borrowing from China.
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