A Simple Economic Truth America's Super Rich Don't Want Us to Know About

by Thom Hartmann

January 2, 2014  |  For the past 32 years, Americans have been living a lie. It's a lie that helps out rich people and screws working people, and it's a lie that needs to be called out.

 

The people promoting this lie - most all of them rich people themselves - have been so good at promoting this lie that pretty much everybody believes it. It's even asserted as fact, without contradiction, in the mainstream media. But it's a lie.

The lie is that raising income taxes on rich people and hugely profitable companies hurts economies and even leads to unemployment. The truth is that raising income taxes on rich people and hugely profitable companies actually helps economies and causes companies to hire more and more people, thus lowering unemployment.