August 15, 2011
I’ve written before about the failed ideology of trickle-down economics. It amazes me that so many prominent Republicans can continue to support this lie despite a mountain of evidence to the contrary. If tax cuts create jobs then how do we explain the past 10 years of the Bush tax cuts? If increasing taxes kills jobs then how do we explain the 1990s? If higher tax rates mean that investors will flee then how do we explain the much higher tax rates in the many decades leading up to the 1980s? You probably heard that billionaire Warren Buffett famously said that his secretary pays a higher percentage in taxes then he does. Warren is again raising awareness to the failed ideology of trickle-down economics in a New York Times Op-Ed article. Below is an excerpt from that article.