Since the late 70's until today we have been told, all we need do is cut taxes on the rich and then via magic, everyone makes more money. Not sure how or why anyone ever thought that was reasonable. But finally we are seeing in depth studies looking into the question: Does cutting taxes for the rich spur general economic growth.
Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds
It just takes a little common sense, if you give $10 million to a billionaire, they will just tuck it away. If you instead broke that up and gave $1000 to 10,000 people on public assistance, you can be sure as shit that money is getting spent ASAP. Hell, look at what happens every time they increase the minimum wage, you would think, wow owners losing money right?
So far, the Seattle minimum-wage increase is doing what it’s supposed to do
I mean, if raising the minimum wage cost jobs, why is Washington and California doing so well? Add to that, if the GOP policies worked, why are Kansas and Wisconsin in the shitter? Hell both KA and WI were able to check off their right wing dream list, and yet
Newly Revamped Coincident Indices Indicate … Wisconsin Still Lags
Fact check: Brownback on the Kansas economy
Kansas is still bleeding, thanks to tea party economics
The whole concept is flawed, fuck even George Bush when he ran against Reagan in 1980 called trickle down "voodoo economics", but people bought the lie. Remember -
Something to consider
Dying canaries
I know it seems a bit self-indulgent to reference your own work, but darn it, I already laid out part of my argument before, what we are starting to see is the American public waking to the fact that now the cover of easy credit is gone people are starting to see how fucked they are. The question is, will the people in charge and their owners realize what is coming and respond soon enough.
FYI - If you disagree, that's fine, provide me with proof, prove it to me.
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