Bob Maxey
Android Expert
Uh, yeah, I'm using the first thing I find on Google. Unlike conservatives, I do not have look around very long to find the "right" data, that supports me. Here's a tip: when reality supports your hypothesis, it's not that hard to find evidence that backs you.
I think anybody who looks at that chart who is not playing dumb can see that almost all the benefits of economic growth in the last 30 years have gone to the top earners. This is neither fair nor desirable from the standpoint of a healthy economy.
Of course you can dismiss me. Let's not pretend this would have ended any other way. You've clearly been shown to be wrong about your asinine misrepresentation of the effects of unions, and rather than drop your childish failed ideas about how the economy ought to work, you simply stomp off.
Not really sure what you mean here: you seem to have something against charts, and imply that they "don't count" or something. You should know, it's the information, not the source.
*buzz* Wrong again. I don't care what you WANT to believe, tax cuts have not really ever stimulated the economy. Any economist you want to ask will tell you that tax cuts are by far the least effective way to stimulate economic growth. The epic Reagan and Bush deficits that brought us little to no benefit are proof enough.
Your comment is wrong: businesses will not produce more if no one has any money to buy their products. To assert otherwise is phenomenally stupid. If you needed more proof of this, we're a couple months into the extension of the Bush (now Obama) tax cuts. Republicans PROMISED they would stimulate business because companies were "unsure" of the future tax environment, and remedying this would let them start hiring. Well, nothing even close to that has happened, just like every sober economist predicted.
Also, regarding tax cuts and revenue growth, here's a source (oh no! More data!) debunking that myth:
Effect of the Reagan, Kennedy, and Bush Tax Cuts
The most telling quote:
"According to the second table, the real growth in individual income tax receipts was 9.41% from 1981 to 1991 and 10.41% from 1982 to 1992. These were the lowest growth rates of any of the 58 10-year spans from 1940 to 2007."
Seriously, if it really were that easy to increase revenue growth, you wouldn't see anybody recommending raising taxes. Politicians LOVE "have your cake and eat it too" solutions, and the "cut taxes to increase revenue" argument is pretty much the ultimate too-good-to-be-true proposition.
What color is the sky in your world?