Thom Hartmann Explains Why Higher Income Taxes Stimulate Job Growth

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Thom Hartmann responds to a caller's question about Supply Side Economics and why St. Ronnie's theories on what stimulates job growth are completely upside down. As Hartmann explained, the middle class spending is what drives the economy and when you lower taxes on the rich as Reagan did, all they do is gamble with it causing booms and busts, leave it to their kids or put it in offshore tax havens like Mitt Romney.

As Hartmann noted, all lowering taxes on the rich has led to is record income disparity and the richest in the country having their incomes increase 275 percent since Reagan's time, with the rest of us essentially gaining nothing or losing income.


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