The reality is this: There is no correlation at all between raising taxes on the rich and slowing the economy. In fact, if anything, it’s the reverse.

Former Labor Secretary and Berkeley public policy professor Robert Reich.

He cites the period between World War II and 1981, when taxes were higher and the economy grew, as well as the economy’s growth under President Clinton, who raised taxes on the wealthy.

Of the Wall Street CEOs who are lobbying Congress to lower corporate taxes, Reich comments: “The idea that somehow they need more cash is absurd.” Watch Reich lay down some knowledge on rich people here, and watch "Viewpoint with Eliot Spitzer" weekdays at 8E/5P.

  1. novelcombinationofwords reblogged this from sergeant-wolfe
  2. sergeant-wolfe reblogged this from gop-circus
  3. gop-circus reblogged this from pixyled
  4. v-n-ss reblogged this from seriouslyamerica
  5. bashfulsass reblogged this from ikilledcaptainclown
  6. infiniteincandescence reblogged this from seriouslyamerica
  7. ikilledcaptainclown reblogged this from seriouslyamerica
  8. raesimone-ish reblogged this from seriouslyamerica
  9. trxsxrms reblogged this from ktothestein
  10. contentment-of-cats reblogged this from seriouslyamerica
  11. ktothestein reblogged this from seriouslyamerica
  12. mightycrazy reblogged this from t0love1self
  13. t0love1self reblogged this from seriouslyamerica
  14. seriouslyamerica reblogged this from pixyled
  15. popeanon reblogged this from truth-has-a-liberal-bias
  16. tinyviciousporkchop reblogged this from current
  17. draconocturnus reblogged this from nerdymouse
  18. underthemountainbunker reblogged this from truth-has-a-liberal-bias
  19. peasinthetrap reblogged this from generalbriefing
  20. ampersandnotdash reblogged this from truth-has-a-liberal-bias
  21. stillmandy reblogged this from truth-has-a-liberal-bias