You should see one particular chart from the Congressional budget office. Here’s what it says: The lowest two quintiles (lowest 40%) of wage earners averaged $17,400 in 1979. The Top One percent of wage earners averaged $167,500 in 1979. By 2007, the 27th year of the Neoconservative Era, the bottom two quintiles made $20,500. That’s [...]
Entries Tagged as 'cutting taxes'
Raise Taxes or Cut Entitlements–You Decide.
July 2nd, 2010 · 1 Comment · Capitalism, Economics, jobs, Politics, taxes
Tags: CEO pay·Corporatism·cuts in Medicare spending·cutting taxes·cutting the national debt·deficit spending·entitlements·government deficits·raising taxes·Social Security and Medicare·the national debt·the top 1% of income earners
The Big Lie
October 22nd, 2009 · Comments Off · Economics, Politics
The Big Lie. We know what that is…the concept, that is. It is not a new concept. It is the idea that if you tell a big enough lie and tell it often enough people will begin to believe it. But it has been revived in the last 30 years.The idea that, for example, you [...]
Tags: Americans for Prosperity·cutting taxes·Dick Armey·economic fallacy·FreedomWorks·Milton Friedman·Neoconservatism·political lie·Reagan·Republican promises