Saturday, January 26, 2013
GRAPHS AND CHARTS - I LOVE GRAPHS
Republicans are not going to be happy until they see all of us living under the bridge
I like to refer to graphs and charts because they are a very effective way to show people visually how wrong the policies of the past…and particularly how askew the views held by Republicans on the economy are…and even some Democrats who seem to have bought into the Teahadist-Republican ideology.
A good example of this is how the idea that raising taxes for the rich will slow down the economy:
Raising taxes on the rich will not slow the economy. In fact, every indication is that it tax cuts on the rich hurt the economy. So the real question is, why aren't these "deficit commissions" proposing that we fix a deficit problem that was caused by tax cuts for the rich by raising taxes on the rich back to where they were before the problem? It is clearly time to stop the "riverboat gamble" and restore pre-Reagan top tax rates
Another good one is:
The chart shows the share of the richest 10 percent of the American population in total income – an indicator that closely tracks many other measures of economic inequality – over the past 90 years, as estimated by the economists Thomas Piketty and Emmanuel Saez.
“Washington is inundated with deficit commissions. The country has piled up a huge debt because we cut taxes for the wealthy and borrowed to make up the difference. But everyone says we can't fix the problem by raising taxes on the rich in a recession because taxes "take money out of the economy." Is there a factual basis for this idea, or is it just one more corporate/conservative-generated piece of "conventional wisdom" bamboozlement?”
My contention is simply this: The tax cuts were put in place by Bush and they supposedly have been working in favor of the argument that those tax cuts have stimulated the economy…then how come after eight years it all went to hell? Why is not stimulating the economy now? They are still in place…The truth is that the rich will hoard the money; it doesn’t TRICKLE DOWN”