Posts Tagged ‘ taxing the rich ’

Affluent people and trickle-down economics

October 29, 2012
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When the latest republican president, George W.Bush encouraged people to go shopping and introduced massive tax cuts on corporations and the wealthiest he acted as perfect role model for conservative economic politics. Mitt Romney is now running for president by promoting the same ideas and further tax cuts.  These conservative policies are often justified by recourse to “trickle-down economics,” the idea that tax breaks or other economic benefits provided by the government to businesses and the wealthy will result in further investment by the rich, leading to more jobs and hence benefiting the poorer members of society. But does money really trickle down? The…

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Taxing the wealthy (TED lecture by Chuck Collins)

June 30, 2012
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The Program on Inequality and the Common Good, run by Chuck Collins at The Institute for Policy Studies in Washington DC, focuses on the dangers that growing inequality pose for U.S. democracy, economic health and civic life. In this TEDx lecture Collins gives a moving and illuminating talk on the moral justification for reducing income inequality by increasing taxes on the rich. Collins’s privileged background lends to his credibility on this subject, but what really impresses in this talk are the stories of the wealthy people across the US who are actually willing to dramatically increase their tax rates. This talk…

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