Lowering taxes leads to more savings, which leads to more - investment, which leads to more Posted: Nov 14th, 2018 - 9:56 am In Reply to: Interesting conversation this morning on FOX Business - Maria in the Morning show,
productive expenditure, which leads to both more demand for capital goods,and more demand for labor. More demand for capital goods leads more production and supply of capital goods, which leads to higher total productive ability, which leads to more economic progress, which leads to more prosperity for the economy as a whole.
Higher productive ability also leads to more production and more supply, which helps keep average prices levels lower, which helps increase average real wage rates.
More demand for labor leads to increased employment and higher average money wage rates, which helps increase average real wage rates.
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