THEY REVEAL A LOT MORE THAN THE TRUTH
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”
I can't tell you how impressed I am with your blog! I joined your followers immediately. I would be honored if you considered joining mine. At least pay me a visit. thank you for your efforts. the mohave rat
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