Maybe it’s just me

I don’t understand how educated people can sit there and have the gall to say that a “tax break for the rich” won’t help those of us in lower tax brackets.
Sure, I’d love to see my income tax decrease to like 15%. But that wouldn’t put any new jobs on the market.
The only way you put the economic blender on puree at this point is to let the people who make most of the money (and pay most of the taxes) keep more of what they make. Otherwise there’s no incentive for rich folks to go out and create jobs for people like you and me — and if they create enough of those jobs, then it becomes possible to lower taxes for the rest of us.
This is just simple Reaganomics. It worked in the 1980s and it would work now, but a shrill and vocal minority conveniently forgets about that, just like they forget that without Reagan’s tax cuts, the 1990s boom probably wouldn’t have occurred.
What really worries me is that the Fed is going to continue to cut rates, making it less and less desirable for Joe Blow to save money (and frankly at rates under 1%, it makes no sense for me to keep money in savings except insofar as it keeps me from having to pay bank fees every month), rather than pressing for cuts in the higher tax rates (and abolition of capital gains taxes). You need look no farther than Japan to find an economy where it has been painfully discovered that lowering interest rates to zero doesn’t cause stimulation. Japan has other problems that contribute to its sagging economy but certainly they’ve proven that zero interest rates doesn’t cause anyone any joy, nor does it give anyone incentive to invest.
The thing to do now is cut taxes for the rich — the people who create companies and jobs. Because if you cut my taxes, I guarantee I won’t be spending the savings to give anyone work.