But the first paragraph refutes the headline: "Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much (emphasis added) in 2013 ..." The CBO did not say, as the headline suggests, that raising taxes on the rich has no negative economic effect. In fact, the CBO actually said that extending the Bush-era rates for all would increase economic growth by 1.5 percent. If, however, the Bush era rates expired for the rich -- but...
This is why poverty as understood even as recently as 100 years ago has been effectively eliminated in this country. It is why the "poor" here have a home, more than one color TV, often more than one vehicle, air conditioning, major appliances, etc. Human beings work in order to better their lot in life (INCLUDING the wealthy). History completely obliterates the notions that a) wealth is a zero-sum game, b) wealth eliminates the need for or availability of workers - including for "dirty" jobs and c) that workers are in ANY way "enslaved". All those contentions have been completely debunked.
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."
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