They Can't Explain It, But I Can

At last an honest conservative, one who admits that there is no way to explain why the Bush tax cuts create jobs.

Well, let's see if I can help.

Tax cuts don't create jobs.  Consumers with discretionary income create jobs.  Low tax rates are good for consumers, except when they're given to the investing class.  In that case, low taxes simply lower the cost of making bad business decisions, and indirectly subsidize lazy and even craven decision-making in business.

Higher tax rates for the investing class, on the other hand, are like welfare reform for the consuming class.  Like Samuel Johnson's prospective hanging, they concentrate the mind wonderfully, and force investors to make smart decisions that create smart enterprises--that is, businesses that effectively serve the needs of consumers.  In the process, the investing class eats only when the consuming class eats, ensuring the democratization of capitalism.

And no, this is not crackpot thinking, unless you think that Business Week hires crackpots.

Get it?

Nah, I didn't think so.  Unless, of course, you're not a conservative in 21st-century America.  But if you are one, and this still puzzles you, drop me a line.  I might be willing to do a little one-on-one work with some of you.