Some Stats

Saw something that made me wonder. It is pretty clear what side of the aisle I tend to lean on. Rather than write a long blog about what I believe etc... I thought it might be interesting to just throw out some statistics

Top Income Tax Rates (adjusting for inflation)

1965 70% on any income over $1.42 Million
2011 38% on any income over $388,000

Unemployment Rate
1970 - 4%
2013 - 7%

Poverty Rate

1965 - 15%
2013 - 15%

Top 1 % (Wealth)

1970 - 24%
2013 - 40%

Reducing taxes creates jobs which should in turn decrease poverty. Heard that one before? Obviously this is simplifying it but it would seem to me the rich have gotten richer. The poor... well they are still poor. Jobs well we have fewer of those oh and they pay less in real dollars than in the past. Oh and tax brackets haven't dropped for everyone in real dollars people in the 70's who made over $388,000 would have probably paid 38 % on that income but as they made far over that amount they paid a higher percentage. The only change is the really rich don't pay like they used to. The current distribution is more like feudal times where a few lords make most of the money and own everything... It's not corporations its the 1% that owns 50% of the shares of those corporations.