Originally Posted by cockerpunk
my quip about schools was not that schools were only made after taxes (that is false), its the gilded age phenomena where families did take there children out of schools, and into the workplace, because they were too poor to feed themselves. because that was the standard of living was across the country.
the problem is that the curve has no real world data to support it. at any point.
i mean we have the data on tax rates, GDP, effective tax rates, income distribution etc etc etc, take a look and see how this conservative dogma melts away. corporate profits just hit another high, financial sector profits are nearing another record. the money is out there, and the middle class is who is producing that wealth, but we are seeing none of it. caterpiller is making record profits, and cutting there workers wages, thats not america. you work hard, your company does well, you should do better. but the middle class is actually worse off then it was 25 years ago. we have lost ground, lost standard of living.
supply side economics doesn't work. our economy isn't failing because of a lack of capital. its failing because of a lack of demand. the real job creators are a middle class that can purchase and buy things.