“It’s not Republican, it’s not Democrat. Honestly, it’s not liberal, it’s not conservative … It’s economics,” says Economist Art Laffer. “If you tax people who work and you pay people who don’t work, don’t be surprised when you get a lot of people not working.”
President Obama: Tax the rich to make the economy grow: “President Obama said today that the nation faces a stark economic choice: Continue giving tax breaks to the nation’s wealthiest citizens or risk gutting essential programs that help grow the middle class.
“‘Let me me ask you, what’s the better way to make our economy stronger?,’ Obama told an enthusiastic crowd in Boca Raton, Fla. ‘Do we give … tax breaks to every millionaire and billionaire in the country? Or should we make investments in education and research and health care and our veterans?’
“Obama also told students at Florida Atlantic University that ‘what drags our entire economy down’ is when ‘the gap between those at the very, very top and everybody else keeps growing wider and wider and wider and wider.'”
It’s not just an income gap that’s growing; it’s a philosophical canyon.