A
AJ
Guest
...before tax cuts? Yes, it's true. According to the new book "23 Things They Don't Tell You About Capitalism", the US economy grew about twice as fast in the 30 years prior to 1980 than it has since then, when taxes on the super-rich and big corporations have been slashed roughly in half.
Another example - high tax Scandinavian countries have been doing MUCH better economically, and their people are much wealthier and happier, than low tax European countries such as Ireland and the Baltic countries (Estonia, Latvia, etc.).
Have be been lied to and CONNED these past 30+ years about the desirability of low taxes? Apparently they have only caused an windfall of wealth for the richest 1% of Americans, the decimation of the middle class, and explosive growth in the national debt.
A current article in Inc. magazine (a business magazine) states that Norway, Sweden, Denmark and Canada all have higher rates of entrepreneurship than the US, in spite of having much higher taxes.
What gives????
Another example - high tax Scandinavian countries have been doing MUCH better economically, and their people are much wealthier and happier, than low tax European countries such as Ireland and the Baltic countries (Estonia, Latvia, etc.).
Have be been lied to and CONNED these past 30+ years about the desirability of low taxes? Apparently they have only caused an windfall of wealth for the richest 1% of Americans, the decimation of the middle class, and explosive growth in the national debt.
A current article in Inc. magazine (a business magazine) states that Norway, Sweden, Denmark and Canada all have higher rates of entrepreneurship than the US, in spite of having much higher taxes.
What gives????