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Too much still isn’t enough

Posted By Rob Schofield On July 1, 2013 @ 4:28 pm In Uncategorized | Comments Disabled

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.


Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org

URL to article: http://pulse.ncpolicywatch.org/2013/07/01/too-much-still-isnt-enough/

URLs in this post:

[1] this report from the Economic Policy Institute: http://www.epi.org/publication/ceo-pay-2012-extraordinarily-high/

[2] Too Much: http://toomuchonline.org/tmweekly.html

[3] Inequality.org: http://inequality.org/

[4] Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2013/07/CEO-pay.png

[5] New study: Higher state taxes no deterrent to attracting the ultra-rich: http://pulse.ncpolicywatch.org/2013/11/18/new-study-higher-state-taxes-no-deterrent-to-attracting-the-ultra-rich/

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