Thursday, September 13, 2012

We didn't need a study for that
“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90%. A one percent of GDP tax cut for the bottom 90% results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10% is 0.13 percentage points and is insignificant statistically.”
Trickle-down economics is one of the biggest ruses ever played on the American people and if you don't know that by now you're an ignorant teabagging lemming who isn't smart enough to get out of your own way. But could you get the fuck out of our way?