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A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic growth and instead are linked to greater income inequality in the United States.
The study found that cutting taxes for the rich does not increase saving, investment, or productivity growth. "The top tax rates appear to have little or no relation to the size of the economic pie," the study said.
"We've seen storms in Virginia, but none like this ..." reads the flier. "Barack Obama's policies have added $4 billion in debt each day he's been in office. Americans can't afford this debt."
Global inequalities in wealth are at their highest level for 20 years and are growing, according to a new report by Save The Children. While the charity acknowledges progress has been made in goals such as reducing child mortality, the report says this has been uneven across income groups. Continuing inequality could hinder further progress in improving living standards, the charity says.
The report comes ahead of a meeting of a high-level UN panel on poverty. "In recent decades the world has made dramatic progress in cutting child deaths and improving opportunities for children; we are now reaching a tipping point where preventable child deaths could be eradicated in our lifetime," Save the Children's chief executive, Justin Forsyth, said. "Unless inequality is addressed... any future development framework will simply not succeed in maintaining or accelerating progress. What's more, it will hold individual countries - and the world - back from experiencing real growth and prosperity," Mr Forsyth added.
Save The Children's researchers found that in most of the 32 developing countries they looked at, the rich had increased their share of national income since the 1990s. In a fifth of the countries, the incomes of the poorest had fallen over the same period. The gap has become particularly pronounced among children and affects their well-being as well as causing disparities in several key indicators, the charity says. For example, it notes that in Tanzania, child mortality in the richest fifth of the population fell from 135 to 90 per 1,000 births over the research period, while the poorest fifth saw hardly any progress with a modest fall of 140 to 137 per 1,000 births.
BBC News - Inequality 'highest for 20 years' - Save The Children
Huffo Puffo Fluffo
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners...
Idiot
Huffo Puffo Fluffo
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners...
Idiot
Another wannabe ultra rich person. How many hundreds of millions are you short there Diamond?
And Mitt wants to cut taxes by 20% across the board. How will that make the evil 47% then be obligated to pay more Federal Income tax?
You know what DD. If Mittens tax rate paid (14.9%) is indicative of what all the ultra rich are paying, I think the poor and the rich are paying at about the same withholding rate.
Thing is the poor get theirs back (what maybe 2 to 3 thousand dollars) and the ultra rich get to keep their tens of millions of dollars.
I am sure that sounds about "right" to you.
Think you could get any ultra rich to trade places with the poor person that is getting back their entire Federal Income tax withholding? You know, it is such a good deal for the poor,
who wouldn't want to trade places.
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners.
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners.
Since the Republicans have been insisting on lowering taxes for years, aren't they the ones largely responsible for creating the 47%?
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners.
Since the Republicans have been insisting on lowering taxes for years, aren't they the ones largely responsible for creating the 47%?
Tax Cuts For The Rich Linked To Income Inequality, Not Economic Growth, Study Finds
More of what we already know -
A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic growth and instead are linked to greater income inequality in the United States.
The study found that cutting taxes for the rich does not increase saving, investment, or productivity growth. "The top tax rates appear to have little or no relation to the size of the economic pie," the study said.
Very nice little graphs at the link.
Huffo Puffo Fluffo
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners...
Idiot
Another wannabe ultra rich person. How many hundreds of millions are you short there Diamond?
And Mitt wants to cut taxes by 20% across the board. How will that make the evil 47% then be obligated to pay more Federal Income tax?
You know what DD. If Mittens tax rate paid (14.9%) is indicative of what all the ultra rich are paying, I think the poor and the rich are paying at about the same withholding rate.
Thing is the poor get theirs back (what maybe 2 to 3 thousand dollars) and the ultra rich get to keep their tens of millions of dollars.
I am sure that sounds about "right" to you.
Think you could get any ultra rich to trade places with the poor person that is getting back their entire Federal Income tax withholding? You know, it is such a good deal for the poor,
who wouldn't want to trade places.
Huffo Puffo Fluffo
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners...
Idiot
Another wannabe ultra rich person. How many hundreds of millions are you short there Diamond?
And Mitt wants to cut taxes by 20% across the board. How will that make the evil 47% then be obligated to pay more Federal Income tax?
You know what DD. If Mittens tax rate paid (14.9%) is indicative of what all the ultra rich are paying, I think the poor and the rich are paying at about the same withholding rate.
Thing is the poor get theirs back (what maybe 2 to 3 thousand dollars) and the ultra rich get to keep their tens of millions of dollars.
I am sure that sounds about "right" to you.
Think you could get any ultra rich to trade places with the poor person that is getting back their entire Federal Income tax withholding? You know, it is such a good deal for the poor,
who wouldn't want to trade places.
It's amazing how the Rich have been able to train so many of the not-Rich to defend the Rich,
isn't it?
Another wannabe ultra rich person. How many hundreds of millions are you short there Diamond?
And Mitt wants to cut taxes by 20% across the board. How will that make the evil 47% then be obligated to pay more Federal Income tax?
You know what DD. If Mittens tax rate paid (14.9%) is indicative of what all the ultra rich are paying, I think the poor and the rich are paying at about the same withholding rate.
Thing is the poor get theirs back (what maybe 2 to 3 thousand dollars) and the ultra rich get to keep their tens of millions of dollars.
I am sure that sounds about "right" to you.
Think you could get any ultra rich to trade places with the poor person that is getting back their entire Federal Income tax withholding? You know, it is such a good deal for the poor,
who wouldn't want to trade places.
It's amazing how the Rich have been able to train so many of the not-Rich to defend the Rich,
isn't it?
Amazing that those of us in the top 5% do not exist to pay your way because you feel it is unfair that you have to pay anything at all.. and that we call for equal treatment still while you whine and support the very progressive system that will rape you more and more as more people get on the government tit that is designed to keep them there
Nobody is saying I would make more swapping positions with 'the poor'... what is being said is that I do not exist to pay your way in any degree... my dollar $175K should be treated no differently than your dollar $175 just because I have it 'easier' in your subjective eyes
When the lower incomes pay the same rate as the 'evil rich' on their higher dollars earned, or when suddenly ~47% of the population starts actually paying federal income tax, then you can fucking complain if the 'evil rich' get their tax rates cut to be below that of the lowest earners.
Since the Republicans have been insisting on lowering taxes for years, aren't they the ones largely responsible for creating the 47%?
nope, since liberals have had the war on poverty and great society.....isnt their supposed to be no 47%?
Seems like this social justice shit means that those who are successfull should take care of those that aren't.
Tax Cuts For The Rich Linked To Income Inequality, Not Economic Growth, Study Finds
More of what we already know -
A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic growth and instead are linked to greater income inequality in the United States.
The study found that cutting taxes for the rich does not increase saving, investment, or productivity growth. "The top tax rates appear to have little or no relation to the size of the economic pie," the study said.
Very nice little graphs at the link.
