The Great Tax Experiment

daryanblog

maxresdefault (2)

At the core of the republicans tax plan is the notion that if they cut taxes for the wealthy, there will be a trickle down effect and we’ll all be better off. But when you ask for any hard evidence of this, they’ll usually go quiet for a bit, mumble something about Reagan (who, as I discussed in a prior post put uptaxes, oversaw three recessions as well as the biggest decline in real wages in history), then change the subject.

Well actually, as Richard Reich points out, we’ve actually been conducting a tax experiment in the US going back over many years now. He compares the state of economies like California (which has relatively high state taxes) to economies like Texas and Kansas (who have very low taxes). And suffice to say, the results of this “experimentare at odds with everything that conservatives say…

View original post 659 more words

Advertisements

About daryan12

Engineer, expertise: Energy, Sustainablity, Computer Aided Engineering, Renewables technology
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.