Tax Cuts, Especially For The Rich, Have No Significant Impact On Economic Growth

I have some news for Republicans and other fellow Americans who believe tax cuts for the rich will help the economy. If you think the rich are “job creators” and that their wealth will trickle down to the rest of us then you took the bait and swallowed it whole. The rich, along with their bought politicians, have you hook, line, and sinker. How much more evidence do you need that tax cuts, especially tax cuts for the rich, do not have any significant impact on economic growth? I don’t care what prominent Republican politicians and right-wing pundits are saying, it is entirely possible they are wrong. It’s also entirely possible they might not have your interests in mind when it comes to tax policy.

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Video: Sen. Bernie Sanders Says U.S. Moving To Oligarchic Government

Speaking on the Senate floor on Monday, Senator Bernie Sanders (I-VT) said that the United States is moving away from democracy and toward an oligarchy. Sanders said, “the United States is departing from its democratic tradition, which has always included a strong and growing middle class, and is moving rapidly into an oligarchic form of government in which almost all wealth and power reside in the hands of the very richest people in our society, the top one percent.”

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GOP Hell-Bent On Tax Favors For The Rich Financed By Cuts To The Poor

Republican lawmakers are locked into an ideology of trickle-down economics. They believe giving tax breaks to the rich will result in prosperity for everyone, or at least that’s what they tell the public. It’s sometimes hard to believe grown adults advocate such nonsense, but here we are, some 30+ years into a massive experiment of wealth redistribution to the top 1%. What do we have to show for it? The free-market advocates will say taxes are still too high, there are still too many government regulations, and if we cut both we will be on the road to prosperity. But whose prosperity? Does the rest of the country buy this nonsense? Apparently a large percentage of Americans do subscribe to this bombast. It’s the only way it’s lasted (even thrived) for so long.

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Obama Calls ‘Paul Ryan’ GOP Budget ‘Thinly Veiled Social Darwinism’, But There’s Nothing ‘Veiled’ About It

Speaking at an Associated Press luncheon on Tuesday, President Obama called Paul Ryan’s (R-WI) Republican budget plan “thinly veiled social Darwinism.” The president was referring to the budget’s massive tax cuts for the rich and steep cuts to programs for the poor. The GOP budget is nothing more than trickle-down economic theory, a religion to Republicans. It’s also the same economic theory that has for 30 years failed to produce even a trace of the “trickle down” promised.

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