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Are Low Taxes(on the rich) Exacerbating the Recession?

Author David Sirota makes interesting case.

Date Posted: Sunday, July 11, 2010 by Darin Gilley

If you have never read David Sirota be prepared for some strong opinion reinforced with stronger research.  In this article he raises the issue of taxes and makes an interesting argument that many economists agree with.  If fact, the policies of the past that he cites as real-world proof that the rich were once taxed more and the nation simultaneously had much higher growth rates than we have since Milton Friedman/Reaganomics became the reigning policy.  It is a great read!  Is he right?

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/08/ED541EBDQD.DTL

 


Comments (6)

posted by dg - 07/12/2010 2:15:56 PM

From the BuzzFlash Media Putz,

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posted by dg - 07/12/2010 2:20:14 PM

"Wealthy cashing in while workers salaries share shrinking" from Alternet,

Link%2C_while_workers%27_salaries_keep_shrinking

posted by dg - 07/14/2010 8:14:29 AM

Income Gap Between Rich and Poor is Highest in Decades, Data Show

Link

posted by clyde - 07/15/2010 9:55:55 AM

Interesting op-ed in the NYT talking about the rich passing their money onto their children as well creating a permanent aristocracy....

Link

posted by dg - 07/16/2010 12:12:03 PM

Paul Krugmans expert rebuttal of Reaganomics
Redo that VooDoo...

Link

posted by dg - 07/21/2010 11:30:33 AM

As former CEO Meg Whitman preaches her "what's good for the rich is good for the country" philosophy California nurses are using street theater to fight back.

Link

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