Guess what conservatives?
Lower top tax rates have absolutely nothing to do with job creation, according to the Bureau of Labor Statistics! Oh what a surprise!
In the 50 years from 1932 to 1981, the top tax rate averaged almost 80 percent and job growth averaged 2.61 percent and GDP growth averaged a very positive 8.59 percent.
In the 30 years from 1981 (the onset of Reagan’s “trickle- down economic folly”) to 2012, the top tax rate has averaged well below 40 percent and job growth averaged a pathetic .94 percent and GDP growth averaged just 3.6 percent.
In other words, high tax years saw job growth rates 2.77 times higher and GDP growth rates 2.39 times higher than low tax years!
So what exactly can we gather from these “official” Bureau of Labor Statistics?
My interpretation is this ... we must stop listening to the deceivers on the far right who keep trying to convince us that we are doing severe damage to America if we raise taxes on these so-called “Job Creators.”
Or better yet, why don’t we write our Republican Congressmen and ask them to “STOP LYING TO US!”
We are not going to see exceptional job growth or GDP growth until the “real job creators” are given the respect we all deserve.
That’s right, we the middle class, are the true job creators!
When hard work is valued, our shrinking incomes and our pensions and health care benefits are all returned the way they were prior to 1981, America will again grow and prosper!
Now start spreading the truth please!