17 October 2010

Regressive Tax Policy is Horse Shit

It's easy for ideologues, king-makers, and hate-filled simpletons to ignore what historical data tell us:
Cutting the top tax rate does not lead to job creation!



Since 1964, the top tax rate has steady declined (pink squares) while the unemployment rate (blue circles) has fluctuated with little correlation to the top tax rate.

It's easy for ideologues, king-makers, and hate-filled simpletons to ignore another thing historical data tell us:
Cutting the top tax rate does not lead to economic growth!
Horse & Sparrow Economics


In this tiresome season of politically-motivated mis-information, friends of the rich are again rolling with shop-worn horse and sparrow economics which says,
if you let horses gorge on oats, some of that grain will pass through their systems and be deposited on the ground for the sparrows to enjoy.
Sparrows eating horse shit? Maybe. People? NO.

Aside from the economically painful reality born out by historical data, cutting the top tax rate for rich people is nonsensical because
  1. They don't need it; and
  2. Many rich people aren't particularly nice, or demonstrably charitable. 
Does it shock anyone that billionaires cut corners on maid service by hiring undocumented immigrants?

Meg Whitman, with a net worth of $1.3 billion (more than the GDP of Belize or Greenland), shouldn't be mistaken for a benevolent queen.

Ms. Whitman, GOP nominee for governor of California, shit-canned her housekeeper after discovering Nicky Diaz Santillan, a trusted "family member", was an undocumented worker.
"I was shocked and hurt that Ms. Whitman would treat me this way after nine years. She was throwing me away like a piece of garbage.
~Nicky Diaz Santillan, Meg Whitman's former housekeeper
Unless you're a self-serving, wealth-hoarder in the top US tax bracket, you've got no business supporting regressive tax policy. Furthermore, no middle class person has a rational excuse to support candidates that espouse the false notion that tax cuts create jobs or grow the economy.

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