Your premise of the exisitance of low taxe rates is wrong, therefore everything in your post is errant.<quoted text>
As I showed above, your correlation is wrong. We have very low taxes, and the corporations are paying very, very little, as their share of the GDP. BTW, I'm NOT for higher taxes on the rest of us-- that would further shrink our economy.
So, why the poverty? If lower taxes, especially for the fat cats, is supposed to bring us more jobs and less poverty, why aren't we prosperous? We had the Bush tax cuts on all people, including the top 1% for ten years. Why didnít the so-called job creators create tons of jobs? Why didnít we all become prosperous?
Because trickle down economics is a lie. Here area few reasons why weíre still wallowing in Bushís legacy:
1) The repubs continually block Obama's job plan, which would improve our crumbling infrastructure and bring us more jobs. They refuse any type of stimulus spending, and have forced layoffs of hundreds of thousands of teachers, police, and other government workers instead.
2) The Great Recession, brought on by de-regulation and by Bush's out-to-lunch SEC, put millions of people out of work. This is still Bush's economy, no matter how much you want to believe that history started when Obama took office.
3) The rich individuals and corporations are clearly NOT bringing us jobs. They're stashing billions overseas, and hiring the Chinese. Giving them more tax cuts is laughable. Why do you keep repeating the same mistakes?
Most of us are still paying the reduced taxes of the Bush tax cuts. There's lower employment demand because the republicans keep shrinking our economy and won't allow jobs programs.
What WOULD put us into an upward spiral is infrastructure and other stimulus spending to get people back to work. More people working means more tax revenue, and more money being spent at businesses. Then more businesses will hire more employees, giving us more tax revenue and more jobs.
This would give us an UPWARD spiral. On the other hand, laying off more teachers, providing less government spending-- SHRINKS our economy even more. Not only is it taking more people out of the work force, but it forces more people to need government assistance, which we taxpayers have to pay for.
The republicans want more austerity, and more tax cuts for the rich-- when it clearly doesn't work. They want more de-regulation when that was clearly what helped sink us into the Great Recession. Canada had good financial regulations and they didn't suffer a great recession.
World War II brought us the biggest stimulus spending of all time-- and it pulled us out of the Great Depression. Righties just never learn. No matter what, they keep banging their heads against the wall and wonder why it hurts.
Breitbart News Network - CBO: Tax Revenue Hits All-Time High
United States Government Revenue History - Charts
High unemployment, high taxation means working people pay more and more to keep the gubmint afloat......and businesses are less likely to be able to hire.
The current state of affairs of our economy should tell you all that you need to know.