“…In choosing Paul Ryan as his running mate, Governor Romney has fully embraced the conservative conceit that tax breaks for the rich really will produce jobs for the poor and middle class.
Government, these new libertarian conservatives aver, doesn’t and can’t produce jobs – only the private sector can.
To do so the benefactors of great wealth need only be unburdened of any obligation to pay taxes- since taxing them only robs them of the resources to put America back to work.
Mr. Ryan is also a fan of vouchers, proposing to shift Medicare from a government to a private sector program in which we get vouchers to buy our own coverage from private vendors.
So let’s put the premise of Ryan’s libertarian economics to a test he can believe in: – let’s offer tax breaks to the wealthy in the form of jobs vouchers.
For every (say) 25 thousand dollars deducted from a millionaire’s tax bill (the approximate value of a job just above the poverty line) -
- the beneficiary receives not a refund or reduction in taxes owed – but rather a voucher worth $25K that can be cashed in for its face value with the U.S. government by a worker for whom a new job has been created by the wealthy tax-payer.
Want a $100,000 break?
Create four new jobs.
The tax-payer must prove he has actually created a new job, of course; not replaced one job with another.
With new jobs created, the wealthy taxpayer recycles his tax break in exactly the way Ryan insists he is going to -
- using it to benefit the economy at large – and unemployed job-seekers in particular…”
(cont..)
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