A Senate subcommittee has disclosed that rampant tax evasion schemes marketed to foreign companies by major investment banks, like Lehman Brothers, have resulted in a loss of $100 billion in tax revenue each year for the last ten years.
The practical effect for allowing this to happen, so the theory of trickle-down economics goes, is economic growth.
The trillion dollar empirical investment and the resulting evidence--a bankrupt banking system and a gigantic budget deficit (a tax increase)--decidedly disconfirms trickle-down economic theory, wouldn't you say?
McCain and Palin support the trickle-down theory of economics as pro growth despite the evidence overwhelmingly being economic conditions not seen since the Great Depression.
If the recessionary trend has not yet affected you, vote for McCain/Palin, it will be coming for you!
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