The Kochs Helped Slash State Taxes. Now Teachers Are in the Streets
10 replies, posted
For almost a decade, state lawmakers nationwide cut back or slowed growth in education aid—their biggest expense—as fast-rising pension and health-care costs outpaced revenue growth. The Koch pitch: Tax cuts would unleash the private economy. But in capitals where the Tea Party swept Republicans into office, cuts exacerbated stress. While economic health is based on many factors, only one of the 10 states that decreased taxes most significantly had compound annual growth exceeding the national average from 2011 to 2017, according to U.S. Commerce Department figures.
The Kochs vastly over estimate how much capital and industry there is in the world let alone the U.S. and need to take off their rose tinted glasses.
What gave you the impression that they were doing this in good faith?
until the reganaughts are out of office and out of the voting population we will never get past this asinine idea that dramatically slashing taxes and making everything better for the rich won't come at the expense of everybody else.
I'm afraid that them disappearing won't fix the issue, as there are still plenty of middle-age and young voters who believe the exact same thing and will carry it on.
I would imagine them thinking they're doing something good when all they're really doing is leaving a trail of broken cities and ruined economies.
No they full well know what they're doing, this is about money.
They have more money than god at an estimated 110 billion in profits per year, this is them pushing politics.
I'm agreeing with you dude
You really think there's such thing as "enough money" for the super-rich of America?
probably true, still rush limbaugh won't be around in another 20 years, and it'll be much harder to deny global warming when his gold plated mansion (and mic) are underwater
The movement’s stumbles should surprise nobody, says Vanessa Williamson, who studies state budgets at the Brookings Institution in Washington. “The notion that cutting taxes is going to unlock this miraculous level of growth is one of the most thoroughly tested theories out there,” she says. “It doesn't work.”
Adherents aren’t dissuaded. Americans for Prosperity policy director Akash Chougule says struggling states didn’t trim fat from their budgets. “It’s not tax cuts that are the problem,” he said. “It’s irresponsible spending.”
This is basically the Libertarian version of "True Communism hasn't been tried!"
Sorry, you need to Log In to post a reply to this thread.