Report: Tax Cuts for Wealthy Linked to Income Inequality

[hans030390]

Income inequality started in the early 70's, well before the tax cuts. Plus the tax cuts were for all income brackets, how did that somehow cause income inequality?

Income inequality has been around since at least the late 1800s. During the 40s-70s, when America was at its most liberal as far as policies go, income inequality wasn't even an issue. And, as a whole, the middle class was stronger during this time along with an overall more stable economy. Also, tax cuts have been primarily focused in the higher brackets. Lower income brackets haven't seen nearly as much in the way of cuts relatively.

The real issue isn't addressed. If taxes increased at higher levels that would do nothing for the income of others. Blame taxation and ignore the rest. Useless.

First, it will help address income inequality. If you do a Google search, you can find plenty of studies detailing how high levels of income inequality (and the USA is way far up there) negatively affect societies as a whole.

Second, higher taxes will bring in more revenue for the government. This can either be used to help pay for services that the people want, help pay for another stimulus (the first was proven to help save and/or create around 2 million jobs, I believe, and this would have been higher with a larger/better stimulus), or help reduce our debt. I think this study further shows that simply giving corporations and the rich more money will do little good for the economy, so it would be better to move away from these trickle-down policies and move towards something that has a little bit more credibility and history behind it.