Black People Politics : Study: Tax Cuts for the Rich Don't Spur Growth

Discussion in 'Black People Politics' started by Clyde C Coger Jr, Sep 17, 2012.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,




    ... Oh well, so much for Republican rhetoric and trickle-down from tax cuts for so-call job makers... smh


    [​IMG]

    Study: Tax Cuts for the Rich Don't Spur Growth

    Cutting taxes for the wealthy does not generate faster economic growth, according to a new report. But those cuts may widen the income gap between the rich and the rest, according to a new report.
    A study from the Congressional Research Service -- the non-partisan research office for Congress -- shows that "there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth."
    In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth.
    http://finance.yahoo.com/news/tax-cuts-rich-dont-spur-151649273.html


    Peace In,




     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Reaganomics?

    Trickle-down capitalism?
     
  3. Khasm13

    Khasm13 STAFF STAFF

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    remixed version 2012....

    one love
    khasm
     
  4. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    :toast:
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    It is small businesses that spur economic growth.

    I think economic growth also infers increased tax receipts for government (given corporations are tax collectors for government).

    The wealthy will switch from production to rent-seeking behavior once a certain status is achieved.
     
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