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Related: About this forumThe 7 Biggest Economic Lies (from 2011 - a refresher for your T-giving day around Repub relatives)
1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. Trickle-down economics is a cruel joke.
2. Higher taxes on the rich would hurt the economy and slow job growth. False. From the end of World War II until 1981, the richest Americans faced a top marginal tax rate of 70 percent or above. Under Dwight Eisenhower it was 91 percent. Even after all deductions and credits, the top taxes on the very rich were far higher than theyve been since. Yet the economy grew faster during those years than it has since. (Dont believe small businesses would be hurt by a higher marginal tax; fewer than 2 percent of small business owners are in the highest tax bracket.)
3. Shrinking government generates more jobs. Wrong again. It means fewer government workers everyone from teachers, fire fighters, police officers, and social workers at the state and local levels to safety inspectors and military personnel at the federal. And fewer government contractors, who would employ fewer private-sector workers. According to Moodys economist Mark Zandi (a campaign advisor to John McCain), the $61 billion in spending cuts proposed by the House GOP will cost the economy 700,000 jobs this year and next.
THE REST:
http://robertreich.org/post/11329289033
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The 7 Biggest Economic Lies (from 2011 - a refresher for your T-giving day around Repub relatives) (Original Post)
Triana
Nov 2015
OP
JDPriestly
(57,936 posts)1. K&R.
dougolat
(716 posts)2. & recs for 7 good points!...nt
Iwillnevergiveup
(9,298 posts)3. Rec because it's Robert Reich n/t
Triana
(22,666 posts)4. A great one from Media Matters too...
From fear mongering about refugees to conspiracies about climate change to smears against Planned Parenthood to myths about gun violence, we usher you through the right-wing lies that youre likely to hear this year -- and we completely clear up any misconceptions and flat-out falsehoods around them.
Knock the stuffing out of any lies this year with our guide!
Knock the stuffing out of any lies this year with our guide!
http://action.mediamatters.org/thanksgiving-survival-guide-2015
There's a whole boatload of links from the page above on a lot of subjects wingnuts will be bloviating about tomorrow - especially if they've got a glass of wine or a beer or two in 'em. Be prepared!
Enthusiast
(50,983 posts)5. Kicked and recommended a whole bunch!
Thank you, Triana.
cantbeserious
(13,039 posts)6. Thank You For Sharing
eom