Jayne: Time to dispense with belief that tax cuts equal jobs

first_img Let’s get this out of the way: The best path for improving your lot in life and reducing your personal income inequality is to develop marketable skills for which somebody is willing to pay.Attaining an education, securing an apprenticeship to learn a trade, building a better mousetrap — any of these can help you get all boot-strappy to increase your income and improve your future.That, after all, is the American way — well, that or winning the lottery. Or so we like to think. But the reality is that the current system is not working for too many people, and in the process that system cannibalizes itself.A year ago, a Harvard University study surveyed millennials — young adults between 18 and 29 — and found that 42 percent of them support capitalism while 51 percent do not support our economic system. In additional to making Alexander Hamilton roll over in his grave, this does not bode well for the future of a system that has served us pretty darn well for about 245 years.But rather than decry this as the inevitable result of an everybody-gets-a-trophy, everybody-wants-something-for-free generation that has produced a collective group of special snowflakes, there is a more productive response. Greg Jayne, Opinion page editorlast_img

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