President Biden: The NEW one and only politics thread

Who attends public schools in Mississippi?

Answer that and you'll see why underfunding public schools doesn't matter to Mississippi Republicans.

 

State treasurer candidate says bankruptcies make him a better candidate

 

Fox doesn’t even report on Trump’s rallies anymore

 

Nor are the highways owned or maintained by the city.

 

Ask Kansas. The state cut taxes so much, it couldn’t afford to do basic services and recently passed a modest tax increase.

 

The most 2022 headline

Judge Rules Cardi B's Sister Didn't Defame MAGA Supporters By Calling Them Racist

 

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Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. But a new study from the London School of Economics says 50 years of such tax cuts have only helped one group — the rich.

The new paper, by David Hope of the London School of Economics and Julian Limberg of King's College London, examines 18 developed countries — from Australia to the United States — over a 50-year period from 1965 to 2015. The study compared countries that passed tax cuts in a specific year, such as the U.S. in 1982 when President Ronald Reagan slashed taxes on the wealthy, with those that didn't, and then examined their economic outcomes.

Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates.

"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch. "In fact, if we look back into history, the period with the highest taxes on the rich — the postwar period — was also a period with high economic growth and low unemployment.”​

50 years of tax cuts for the rich failed to trickle down, economics study says

 

Trickle down = Piss on ‘em

 

Ah, one of those places that founded a bunch of private schools for the white folk to attend.

 

And these suckers fell for it.