THE TRUTH ABOUT TAXES: History Suggests High Tax Rates On Rich People Do Not Hurt The Economy

[sendero]

6. As my long running sitnature suggests..

.. if lowered taxes on the rich creates jobs, where are they?

Like of lot of economic dogma dished out by the right wing noise machine, the idea that low taxes on the rich create jobs is pure fiction.

Tax rates on the rich are the lowest in modern history, so we can lay that idiotic canard to rest once and for all.

There was a time when the formation of investment capital was a difficult issue and at that time lower taxes might have helped.

We have the opposite problem now, there is capital for investment everywhere (the rich have soaked up all the money) but there are few productive ways to invest that money.

That is one of the factors at the root of this entire debacle.

Taxes on the wealthy should be raised and raised significantly. That's not going to fix anything but it will sure help and fairness never really goes out of style.