Republicans are still holding on to the claim that the richest Americans are the job creators, and how favoring them will make us all better off. You’d think America would know better by now, because wealth keeps gushing up, and the only thing that trickles down on us is elephant crap.
University of California professor Robert Reich said Thursday that Republican proposals to raise revenues without raising taxes were impossible.
“There does have to be an increase in the marginal rate on the very rich,” he told Current TV host Eliot Spitzer. “That is something Republicans don’t want to admit.”
“What they are counting on is this whole supply-side mythology that if you simply keep taxes low on the rich, the economy grows faster, and that growth almost by magic — in fact it is by magic — creates enough revenues to get you out of any kind of budget deficit problem. That’s not going to work.”…
Inserted from <Raw Story>
Photo credit: Harmony Central Forums
Here’s the video:
Of course Reich is right. You are the job creators, not vulture capitalists, and supply-side economics is a lie!