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View Diary: Rand Paul explains Republican economic philosophy in 30 seconds (229 comments)

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  •  Proof "Trickle Down Economics" Doesn't Work (9+ / 0-)

    Read what David Stockman...Ronald Reagn's budget director...has to say:

    From 60 Minutes interview
    October 31, 2010
    The Battle Over Taxing The Rich

    "In 1985, the top five percent of the households, wealthiest five percent, had net worth of $8 trillion, which is a lot. Today, after serial bubble after serial bubble, the top five percent have net worth of $40 trillion," he explained.

    "The top five percent have gained more wealth than the whole human race had created prior to 1980."

    If giving these people even more money makes them hire more people...why haven't they been doing it already?

    "Do you realize that fluoridation is the most monstrously conceived and dangerous Communist plot we have ever had to face?" - General Jack D. Ripper

    by wilder5121 on Wed Nov 03, 2010 at 09:27:26 AM PDT

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