On 12/2/2013 5:14 PM, F.O.A.D. wrote:


Non-Partisan Congressional Tax Report Debunks Core Conservative Economic
Theory-GOP Suppresses Study

(parts snipped for brevity)


The conclusion?

Lowering the tax rates on the wealthy and top earners in America do not
appear to have any impact on the nation’s economic growth.

This paragraph from the report says it all—

“The reduction in the top tax rates appears to be uncorrelated with
saving, investment and productivity growth. The top tax rates appear to
have little or no relation to the size of the economic pie. However, the
top tax rate reductions appear to be associated with the increasing
concentration of income at the top of the income distribution.”



Funny how these statements can be interpreted.

It basically says that the rate of taxation on "upper earners" has
nothing to do with the economic growth of the nation. That means high
rates or low rates to me.

If the nation is in the middle of a deep recession with high
unemployment that has lasted over 5 years, what the heck to you expect
the "numbers" to say in terms of income distribution?

The fix isn't to tax upper earners more or less. The fix is to generate
jobs for everyone else.