Friday, January 25, 2013

Decisions based on evidence

Government serves the rich.  Not exclusively, but primarily. 

Business serves its own interests, the bottom line.  It does whatever is necessary to accomplish the goal.

The rich and their corporate counterparts exercise their not insignificant influence in favor of their continued success, of course.  All at the expense of the working class.

We've been told that reducing tax rates on the wealthiest would encourage the economy, but the evidence is otherwise.

Historical evidence demonstrates the United States has had some of its strongest periods of economic growth while taxes were high. As the graph shows, some of our most robust periods of growth in gross domestic product (GDP) actually occurred while taxes were very high:

During the 1950s the USA experienced some of the sharpest periods of economic growth with the top marginal tax rates for the richest Americans above 90 percent! Marginal tax rates were adjusted upward in the 1990s, again with strong economic growth.

If tax cuts worked, Bush should have had a great economic record.  The tax cuts never trickled down.

It was not a plan.  It was a play for the advantage of wealth.  It worked quite well; the gap between rich and poor in America has widened impressively.

That's the productivity of individuals being converted into wealth for the few.  The working individuals received none of the benefit, and in fact, lost ground financially.

have been disenfranchised by the wealthy, by the corporate, by the political; at least the evidence suggests that to be the case.  What decisions remain to us?