Thursday, May 14, 2015

Why the Rich Don't Care About Jobs for the Rest of Us

Why the Rich Don't Care About Jobs for the Rest of Us

"There is also hard evidence that cutting taxes on the rich fails to stimulate job creation, and that raising taxes on the rich has the opposite, beneficial effect. The facts come from Kansas and Minnesota. Despite early optimism by trickle-down adherents, tax cuts in Kansas have been disastrous, leading to revenue losses, cutbacks in education and health care, and sluggish job growth. In Minnesota, on the other hand, tax increases on the rich have led to higher wages, low unemployment, and rapid business growth."