CBS new! That saids it all! Chinese Fake News!
90% tax rates will fix everything!!!!
Total inept statement.
50 years. Citation needed.
I wonder if “free trade” and infinity illegal and legal immigration had any impact. Tax cuts “for the rich” probably had minimal impact either way for the middle class.
So get your next job from a poor person.
They must have gotten their economic degree from Scrooge McDuck university where rich people keep all their money in a vault so they can sit and watch it all day. That is fine in comics but not so much in the real world.
In the real world wealthy people invest their money as well as buy expensive things. Their money is used to employ millions of people (and that is the trickle down).
When the tax rate is too high, two things happen, the wealthy find ways to decrease their taxes and the government waste the money they take.
No nation in history has ever taxed them selves into prosperity (read somewhere but forgot where).
Ha! Is that why the US economy exploded during the Trump adm??
Who are you going to believe, them or your lying eyes - and lifestyle.
Ha! Is that why the US economy exploded during the Trump adm??
I can’t imagine how a study from the London School of Economics’ International Inequalities Institute could have come to any other conclusion.
Seemed to work really well under Trump.
Sure it did. We have the wealthiest ‘poor’ on Earth....................
There is NO WAY TO KNOW that.
It’s an idealogical belief, and a hypothesis. Nothing more.
The only way to know for sure would be to go back into a time machine and get Carter re-elected in 1980, and then keep it going.
In this day and age of “global economies”, you simply can’t except wealthy people, but rich corporations in particular, to stay anywhere that is punitive to their bottom line.
The United States started losing jobs to Japan in the 60s and 70s, and not just the jobs, but the profits from production. This meant that I standard of living as well as our GDP started getting siffoned off.
Globalism is the problem, not tax policy.
If our economy was much better protected, including heavy tariffs on foreign products that compete with domestic products using inequitable labor rates, and corporations couldn’t bail on us and still export products to us, and if the wealthy couldn’t find better havens, then I would say, go for it, soak them a little bit more.
So what about the industries and jobs created that never would have existed without the rich spending their money on luxury items ( homes, yachts, cars, etc.)? Capitalism serves the needs of individuals much better than any other system. Trouble is, too many people confuse wants with needs. Needs are basic to survival and growth of the individual while wants are created by envy and advertising.
Absurd.
Dear CBS,
Explain how the freest countries in the world have the highest standards of living. Explain also how the poor in our country live better than 95% of the rest of the world.
I’ll wait...
LSE study.
More foreign interference.
