So you’re telling me low taxes doesn’t spur economic growth for everyone and increases the wealth of the rich?!? Who would have thunk it…

The findings, published by the poverty-fighting organization Oxfam, highlight the growing divide between those at either end of the income spectrum. Since 2010, the wealth of the richest 62 people increased 44 per cent to $1.76 trillion (all figures U.S. dollars), the report found. Over the same period, the wealth of the world’s poorest half fell over a trillion dollars or 41 per cent.
“Our economic system is heavily skewed in their (the wealthiest) favour, and arguably increasingly so,” Oxfam said. “Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate.”
Source: The Star

While Republicans in the US like to scream class warfare when Democratic members talk about raising taxes, class warfare has been fought since Reagan introduced supply side economics and the bullshit that lower taxes on the rich and corporations would benefit us all. The fix seems pretty easy to me, if low taxes is causing wealth to move upwards then maybe we should increase taxes on the wealthy…