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View Diary: Don't tax the rich! What am I missing here? (42 comments)

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  •  And as for this (0+ / 0-)

    Government spending as a form of wealth redistribution does. In the 60's it was the bloating of the MIC and space programs combined with the new incredibly effective marketing machine known as the television. Got people to spend, spend, spend.

    If anything, the tax cuts started the practice of government operating from dept.

    At least that was my take on it.

    That's the problem with economics -- there's no "control" in a vaccuum, so it's hard to tell what causes economic growth.  Certainly, the Kennedy tax cuts were followed by a period of economic growth, and the Reagan tax cuts were followed by a period of economic growth.  (And, of course, the Clinton tax increases were followed by a period of economic growth.) I'm not sure that there are any economists who agree with your view of what caused the economic growth in the 60's -- do you have a cite, or is that just your opinion?  

    •  I can cite. But then you'd probably (0+ / 0-)

      just post your counter cites. And I really don't have time to argue this.

      The only point I'm trying to make is that the wealthy always have the advantage of gaining more wealth. Historically the natural tendency of wealth patterns has been those with the most money have the power to dominate others and win and control more and more wealth.

      The only counter balance to that and means of preventing and interrupting that pattern is a progressive tax policy. It was the main lesson of the New Deal era.

      Any other tax policy that strives to balance the burden between the wealthy and the middle/poor classes will eventually lead to the current upward wealth distribution pattern we are seeing today.

      That to me seems a point that can't be denied.

      To whom it may concern. Waterboarding is torture. Torture is illegal. Sincerely, A. No Brainer.

      by Pescadero Bill on Tue Aug 04, 2009 at 09:23:36 AM PDT

      [ Parent ]

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