Interesting. Well considered tax laws are one way to move a society in - hopefully - successful directions.
The part that doesn't quite resonate is that the businessman in your example isn't hiring workers, he's investing in assets - though in time it may lead to jobs.
Another tax plan - that may bring results much faster - could be to take a big chunk of that businessman's tax payments and channel it to working-class people so that they could then order the shirts that the businessman makes, which would make him need to hire some of them or buy an automatic shirt-making machine, built by worders.
Speaking of the past, I personally agree with the view that the 'great' depression ended because of WWII and the gigantic spending program that it demanded - lubricating and updating the entire depressed economy.
What stays on my mind as a possible solution to our malaise is that if, instead of making tanks, planes, tombstones and rubble, we embarked on a national course of action to build highways, transportation and energy systems and other valuable infrastructure, we could radically decrease unemployment and fill factories and emerge as we did at war's end - in a changed landscape with a strong, confident people ready to move forward. The one difference - and a significant one, is that we would not end up with paying customers in devastated lands clamoring for our goods and services, as we did after the war. I'm still working on
About The Recession
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