- The Progressive Pulse - http://pulse.ncpolicywatch.org -

Too much still isn’t enough

The basic premise behind the various conservative tax plans advancing at the General Assembly is the same old trickledown economic argument we’ve heard for decades: If we tax rich people and profitable corportations less, they’ll hire more workers and everything will be be hunky dory.

The only problem with this theory, of course, is that it’s a fantasy. For the latest confirmation of this hard truth, check out this report from the Economic Policy Institute [1] which shows that CEO pay continues to skyrocket.

And also, check out the following remarkable graph based on the report from Too Much [2], an online newsletter from the good folks at Inequality.org [3]:

CEO pay [4]

The bottom line: You simply can’t give rich people and large corporations enough. No matter how much government slashes their taxes, inequality only gets worse.