Comment Re:Actually, there's something always overlooked.. (Score 1) 261
Correct. Furthermore when you have gutted the demand side of the economy what emerges are phenomena like Walmart where lower consumer prices are achieved through a monopsony (the private sector form of the "single payer" holy grail socialized medicine seeks for the same reason) that not only pays its suppliers less, but also its employees less because as the jobs market contracts, there is nowhere else to work ultimately. Walmart also knows EXACTLY what it is doing when it trains its employees in the art of extracting government benefits from a decreasing government revenue stream.
All of this wouldn't be so bad if the tax base were on net assets rather than economic activity as at least then the companies engaging in corrupt hiring practices --such as I witnessed during the huge ramp up in H-1b circa 2000 when I was told I could hire all the programmers from India for HP but not the single US-citizen specialist in the field that I needed -- will be dumped because the companies doing them will be put out of business by a more level playing field in the free market.