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As fiscal cliff nears, we are better off without Bush tax cuts for top 2 percent
Joshua Henne, Times of Trenton (NJ)
Every year, millionaires receive, on average, $128,832 back from the Bush tax cuts. Economists across the board say this strategy is the least effective way to grow our economy. The very rich simply sit on the additional money, rather than re-circulating it. Ayn Rand’s silly theory that the super-wealthy are society’s saviors has smacked against reality time and time again. Prosperity won’t come from the top down. Rather, we need policies that stimulate and strengthen the middle class.
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