Originally Posted by
Stommped
Your entire post is mostly wrong, but this is the wrongest. When you have money you use it to make more money. At least that's what any intelligent wealthy person has done since forever. You don't hire them to do nothing, you hire them to do what you other employees are doing that's making your money. When you take away their money you incentivize them to save money as much as possible to stay in business. That sure as hell means not hiring $15 minimum wage US workers.
You can't "hire people to make more money" by selling more product, when you're already meeting market demand with your current production. You can not stimulate more spending through boosting production; all you will do is force your own profit margins to shrink as you have to drop prices to unload your excess supply.
You've got basic economic theory completely backwards, somehow. Consumption drives capitalist economics. Not production. You cannot boost the economy by providing producers with more money, and only those producers. That isn't how economics works.
And we don't have to guess; the USA tried this, and it spectacularly failed to produce any of the results it promised. No growth in jobs, no growth in economy (instead, recession after recession).
Hell, here's Adam Smith, the Father of Capitalism, on how wrongheaded your argument is;
Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile system the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.
What you're talking about isn't even capitalist, it's a return to the failures of mercantilism that capitalism was meant to correct, because they don't work very well.