“No guarantee corporations want to buy back stocks instead of investing in their business.” Who would make that guarantee? But whatever a corporation does, stock buyback, equipment, bonuses or advertising, will create jobs. I want jobs.”

The basic premise of “Supply Side Economics” which is what this tax cut is based upon states that if you unburden corporations with high taxes and regulations, they will then take that money and invest it in expanding the economy. And in expanding the economy, they will pay back the $1.5 trillion borrowed to pay for the tax cut. Democrats and a hell of a lot of economic experts think this is a flawed concept.

Suppliers or producers or manufacturers are always going to say, “We need less of a tax burden (that tax burden is projected to be an effective tax rate of 10 percent after deductions as this legislation did not eliminate loop holes) so that we can invest in production. Their theory is, for example, if we build more cars, you will purchase them and if you purchase them, then we will add more labor to produce more cars, even, if there is no active demand for these cars. This is putting the cart before the horse. Why? Because, if there is no consumer demand for more cars, they will pile up on dealers’ lots, and layoffs soon will follow until consumer demand for more cars is balanced with the supply of these cars.

Because consumers make up 70 percent of our economy, it is more logical, many experts feel, to place money directly into the consumers’ hands, rather than in the pockets of corporations and the wealthy through tax cuts like what just passed Congress that raises the deficit. Consumers then, create demand for products they desire which drives production, which then creates the need for more labor. Where Democrats have failed us is that they have yet to come up with a logical plan that will do just what I have suggested – place money in the consumer’s hands in a logical and long term way and at the same time push back against supply side economics. You can’t do this through infrastructure spending because, as many in the Democratic Party have suggested. This is why they are not in power. In order for me to benefit from say, “building a bridge,” I have to live in the area where the bridge is being built in order to benefit when it comes to job creation associated with the bridge project.

So your comments above indicates, you are not the best spokesperson when it comes to asking us to, thank Mr. Trump, as you totally ignore the fundamentals surrounding Supply Side Economics. You see, “It does make a difference” what they do with “our money” as you and I will have to pay back that $1.5 trillion.

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