Showing posts with label job creation. Show all posts
Showing posts with label job creation. Show all posts

Monday, August 27, 2012

Taxes The Rich Don’t Pay Could Eliminate The Deficit


While conservatives focus on the deficit issue they ignore job creation, and insist that tax increases on the rich wouldn't generate enough revenue to balance the budget. They're way off. But it takes a little arithmetic to put it all together.

The following analysis was conducted by Paul Buchheit who teaches Economic Inequality at DePaul University. He is the founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org), and the editor and main author of "American Wars: Illusions and Realities" (Clarity Press).

In the analysis data has been taken from a variety of sources, some of which may overlap or slightly disagree, but all of which lead to the conclusion that withheld revenue, not excessive spending, is the problem.