Taxing The Rich

Martha Stewart's Perry Street Leftovers Now $2 Million Less

The argument for cutting taxes on the rich is usually that they know how to spend invest the money more wisely than the poor folk so their spending investing will help the economy more than the poor folks spending. I just don't see it.

This rich person's (13 million dollar property) investing bought a nicely decorated room including a couple of glass topped tables, some nice white (leather?) furniture and a piece of art (i guess) that is a rock hanging from the cieling. I don't know how much this rooom cost but i'd say its safe to assume, since its a multi-million dollar property, that its in the tens of thousands. How could this help the economy any more than say tens of thousands of people buying small things? The same amount of money is still ricochet-ing aound the economy but fewer poeple are being served by it. I don't get the argument maybe some economist out there can explain it to me.

The rock/art thing should have a sign that says "I wanted to feed 1,000 poor people but all i got was this lousy rock"

tnb