Supply-side economics proposes that tax decreases lead
to economic growth. Historical data, however, shows
no correlation between lower top marginal tax
rates and GDP growth rate.
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"Occupy Wall Street, the Arab Spring, the African uprisings, even the anti-austerity stance of new political parties in Spain and Greece, all have one thing in common: a recognition that the only way for a tiny group of people to become obscenely rich is for huge masses of others to be kept chronically poor." ~JASON HICKEL, JOE BREWER, AND MARTIN KIRK 03.12.15
Supply-side policies favoring the wealthy make them
wealthier at the expense of everyone else. No
surprise. That's what we've done for four decades. |
'Supply-side economics' or 'trickle down' are a known disaster for everyone except the wealthy.
So the continuing favoritism shown by each administration to large corporations and the financial industry is despite the evidence that such policies serve only the wealthy and do so at the expense of the common citizen. Yes, that's what we see. Government regulation appears to be available for purchase if you're wealthy enough.
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