Cutting Taxes on Millionaires DOESN’T Increase Economic Growth 6

By Daniel McKay
Cutting Taxes on Millionaires DOESN'T Increase Economic Growth
I’ll try to keep this post short. The question is whether or not cutting taxes on the super-rich actually does as much as those who advocate it think it should. A new study out by Laura Tyson and Owen Zidar of UC Berkeley suggests that Romney’s tax plan advocating a 20% across the board tax cut would ...

The Disenfranchisement of the American Middle-Class 2

By Daniel McKay
The Disenfranchisement of the American Middle-Class
In a well-functioning representative government, people irrespective of status and resources can voice their opinions to their representatives. The United States is NOT a well-functioning representative government. Repeatedly, and almost relentlessly the government has ignored the sentiments of the masses in favor of the few. The reason for the continued disregard for public opinion comes ...

The American Caste Society – In Class Warfare Money Rules 6

By Daniel McKay
The American Caste Society - In Class Warfare Money Rules
The United States comes closest to the ideal of prosperity for all in a classless society. – Richard Nixon to Soviet premier Nikita Khruschev, 1959 I wish this could be said today, as it was said in 1959. The real prospect of the “American Dream” is more folklore than a reality for many Americans today. ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay
Does Taxing The Rich Hurt Growth? A Redistributive Lesson
Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...