A Chart Says It All

In General Interest by Jonathan Tasini0 Comments

You want a visual of what the phony fight about the fiscal “crisis” really is about? Here you go.

Courtesy of The New York Times, which is at the forefront of promoting the phony crisis, and, thus, won’t explicitly say what this chart shows:

So if you want to look to the left here and see the obvious: the tax rates on the richest Americans were much, much higher going back even into the era just before Reagan. In particular, taxes were on the wealthiest were high in the 1950s and 1960s– an era which history claims to be the great booming of America and the growth of the middle class.

So, high tax rates on the rich do not hurt economic growth.












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