Sunday, December 05, 2010

Trickle THIS!!!

"To put it simply, trickle down economics is a myth with no basis in reality. It is simply an ideology that never was supported by evidence. Right wing conservatives have warned of dire consequences from any attempt to increase taxes on the wealthy ever since the idea was first voiced. From those warnings you would think that the very high rates of taxation on the wealthy starting with FDR’s presidency, and lasting for half a century, would have resulted in catastrophic economic consequences, notwithstanding the reductions in income inequality achieved in part by that taxation. However, just the opposite turned out to be the case." (From Richard Wilkinson’s and Kate Pickett’s book, “The Spirit Level – Why Greater Equality Makes Societies Stronger.)

Read the full article this quote is from


Dear Readers,

I apologize for my neglect of this blog. There are two reasons for it. One, I simply burned out on politics after working so hard to help get Obama elected (and the Democrats a majority in Congress) and I've been posting so much on Facebook instead.

Alas, the weak-kneed Dems have lost their majority in the House and are on shaky ground in the Senate. Obama has lost his mojo too. So, it's back to the slog of politics for me, and for you dear reader. More to come...