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Keynes is inappropriate for this economy. There is no need for either tax cuts for the wealthy nor for increased government spending because there is already so much money at the top that the wealthy have more than enough money to create jobs for the entire world, and most governments are already near bankruptcy from overspending.
It is time for the wealthy to step up to the plate and create jobs, that's what the 1980s trickle-down tax cuts of 20% or more per year for the past 30 years were supposed to do. Did the wealthy lie to us when they said they would create more jobs if they got those huge tax cuts in the 1980s?
"Keynes said that when companies don’t want to invest and consumers don’t want to spend, government must break the dangerous cycle by stepping up its own spending or cutting taxes, either of which will put more money in people’s pockets."
http://mobile.businessweek.com/articles/2014-10-30/why-john-maynard...

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Comment by David ofTomorrow on October 31, 2014 at 10:08am

Ti in Florida, in the USA, capitalism is set up in such a way that the rich DO create jobs. But, only enough jobs to make them the most profit. Too many jobs, and capitalists lose money.
here is a proposition that Switzerland has made;

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$2750 a month for every adult, guaranteed? Switzerland's considering it
PRI's The World
Producer Emily Files
October 14, 2013 · 8:15 PM EDT
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Credit: Denis Balibouse/Reuters
Five cent coins are pictured in the air in front of the Federal Palace in Bern, Switzerland, during an event organized by the committee proposing a minimum monthly household income of 2,500 Swiss francs for every adult citizen living in Switzerland.

Here's a deal: Each month the Swiss government will send every adult a check for about 2,500 swiss francs (roughly $2,750) — no matter their need or income.

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(This story is based on a radio interview. Listen to the full interview.)
At least, that's the proposal before the Swiss people.

In response to growing economic inequality, a grassroots movement in Switzerland collected the 100,000 signatures needed to secure a national referendum on their basic income proposal. Swiss law states any petition that receives at least 100,000 signatures will be voted on nationally.

"It is not as kooky as it sounds," says Karl Widerquist, a Georgetown University professor who has researched basic income policy for a decade. "It's the idea of putting a floor under people's income, the idea that income doesn't have to start at zero."

Basic income is a social security system in which the government regularly gives each citizen a sum of money — with no conditions.

Widerquist points to one example of a similar system here in the United States. With Alaska's Permanent Fund Dividend, the government divides up some of the state's yearly oil revenue and gives a portion to each resident. The amount fluctuates year to year, from a few hundred dollars to a few thousand.

But the proposed measure in Switzerland would be much greater, adding up to more than $30,000 in guaranteed annual income for each adult.

In recent studies in Africa and India, Widerquist said giving people unconditional monetary gifts often increases labor.

"A basic income, in a way, frees you to improve your skills and your efforts and do something that actually makes a bigger contribution to economy," he says.

No date has been set for the national referendum on Switzerland's guaranteed income proposal.

Comment by David ofTomorrow on October 31, 2014 at 10:09am
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