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Job Creator Trickle Down Bulls**t

01 Oct

So just watch the first 30 sec …

And now Ryan claims that giving tax cuts to the rich trumps debt reduction, even if we have to screw the masses. This is full … on … trickle down economics. Giving a lower tax rate allows the wealthy to invest, which allows the noble job creator to run amuck hiring us lowly wage earners in copious numbers. So how did that little experiment work out during the Bush years? BADLY.

Let’s see …

Job growth over 8 yrs ~1 million

Median wage growth – Flat

Poverty rate – increase from 11.25% to 13.2%

Corporate after tax profits from 2000-2012 increased 200%. That’s an annualized rate of 6%

Income inequality:

 

Looks like trickle down was a FAILURE

And as a final nail in the coffin, here is a chart of capital gains vs capital gains tax rates along with a chart of net private investing as a percentage of GDP. There is NO correlation between the taxes and investment, zip, zero, nada.

http://beerbarrelpolitics.files.wordpress.com/2012/04/capital-gains.gif

Trickle Down Economics Is Bullshit … period

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2 Comments

Posted by on October 1, 2012 in Economy, Politics

 

Tags: , , ,

2 responses to “Job Creator Trickle Down Bulls**t

  1. h2dog

    October 1, 2012 at 9:56 pm

    Welcome back.
    Just in time for the home stretch.

     
  2. toph

    October 1, 2012 at 10:03 pm

    Mwaaa haaa haaa!

     

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