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- Jan 11, 2012
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be the truth." Sherlock Holmes.
In order to continue reading this thread, you must accept that middle class income mobility was highest from the end of WW2 to the 1970's. If you can't accept this basic reality, there's nothing to discuss on this thread so don't bother poasting on it.
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You're Born Into It America | The Economic Populist
Now, given that TOP income tax rates during the administration of that PINKO COMMIE EISENHOWER, were OVER 90% and stayed there until Kennedy dropped them to the 60% then dropped again under Reagan and the Bush's down to under 25% today, if cuts to the top tax rate helps the middle class, we should see it.
If one looks at middle class income mobility (the ability to move UPWARD on the socio-economic ladder) during that time, it was the MOST PROSPEROUS TIME in the country's HISTORY for the middle class. Today, not so much.
So, what does this ELIMINATE? The notion that HIGH TAXES ON TOP EARNERS stunts economic growth. CLEARLY, it does NOT.
So while no DIRECT CAUSAL RELATION can be found between high tax rates and middle class economic mobility, the data shows that neither do high top tax rates PRECLUDE middle class upward mobility.
Now, when we look at what happened to middle class income mobility AFTER those tax cuts for the uber-rich were implemented, what happened? Why income mobility went DOWN, didn't it? Almost as if letting rich people keep their own money instead of paying it in taxes, ENCOURAGED rich people to keep MORE of the pie for themselves.
Again, while not PROVING that low tax rates on top earners is a DIRECT CAUSAL CORRELATION to a lower percentage of upward mobility, we CAN eliminate the idea that low tax rates are GOOD for the upward mobility for the middle class, can't we?
So what have I just done here? Through the process of elimination, I've just destroyed the credibility of anyone who suggests that cutting top tax rates is good for the vast majority of Americans AND demonstrating that top tax rates DO NOT act as a barrier to the middle class doing better.
RepubliCON policies regarding taxation are not in the best interests of 99% of Americans.
Sorry, but that's the way it is.
Want to shut me the hell up?
Show me how middle class wages have grown since the 80's.
Show me that the middle class has realized the same kind of relative gains as the uber rich!
Show me WHO picks up the tab for the deficits when revenues don't meet spending? Is it the people who got the sweetheart tax deals that CAUSED the deficits, or does EVERYONE get dumped on?
In order to continue reading this thread, you must accept that middle class income mobility was highest from the end of WW2 to the 1970's. If you can't accept this basic reality, there's nothing to discuss on this thread so don't bother poasting on it.
Redirect Notice
AND
You're Born Into It America | The Economic Populist
Now, given that TOP income tax rates during the administration of that PINKO COMMIE EISENHOWER, were OVER 90% and stayed there until Kennedy dropped them to the 60% then dropped again under Reagan and the Bush's down to under 25% today, if cuts to the top tax rate helps the middle class, we should see it.
If one looks at middle class income mobility (the ability to move UPWARD on the socio-economic ladder) during that time, it was the MOST PROSPEROUS TIME in the country's HISTORY for the middle class. Today, not so much.
So, what does this ELIMINATE? The notion that HIGH TAXES ON TOP EARNERS stunts economic growth. CLEARLY, it does NOT.
So while no DIRECT CAUSAL RELATION can be found between high tax rates and middle class economic mobility, the data shows that neither do high top tax rates PRECLUDE middle class upward mobility.
Now, when we look at what happened to middle class income mobility AFTER those tax cuts for the uber-rich were implemented, what happened? Why income mobility went DOWN, didn't it? Almost as if letting rich people keep their own money instead of paying it in taxes, ENCOURAGED rich people to keep MORE of the pie for themselves.
Again, while not PROVING that low tax rates on top earners is a DIRECT CAUSAL CORRELATION to a lower percentage of upward mobility, we CAN eliminate the idea that low tax rates are GOOD for the upward mobility for the middle class, can't we?
So what have I just done here? Through the process of elimination, I've just destroyed the credibility of anyone who suggests that cutting top tax rates is good for the vast majority of Americans AND demonstrating that top tax rates DO NOT act as a barrier to the middle class doing better.
RepubliCON policies regarding taxation are not in the best interests of 99% of Americans.
Sorry, but that's the way it is.
Want to shut me the hell up?
Show me how middle class wages have grown since the 80's.
Show me that the middle class has realized the same kind of relative gains as the uber rich!
Show me WHO picks up the tab for the deficits when revenues don't meet spending? Is it the people who got the sweetheart tax deals that CAUSED the deficits, or does EVERYONE get dumped on?