Another Compelling Statement of Economic Truth

One of the biggest outright lies politicians have ever told their people was told by Republicans under the Reagan Administration in the 1980s, that cutting taxes would enable the rich to invest more and result in a stronger and more active economy. But that is not realistic. Ironically, conservatives want to cut welfare programs because poor people getting money from the government is supposed to make them lazy……so why would allowing the rich to keep more money due to lower taxation make them invest more? The opposite should be expected, because the whole point of investing is to make more money and they don’t need to so much if their taxes are lessened! And despite those repeated tax cuts, we keep having recessions repeatedly too.
Just as a poor person working even while getting welfare would be considered GREED, so would the rich investing more after getting a tax cut! And we should condemn both.

Image may contain: text

 

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