Corporatists vs. Capitalists (Now with Fun AOL Poll) | 36 comments (36 topical, 0 hidden)
redistribution of wealth (none / 0)
...was always the straw man argument by the right. Now after 30 years of reaganomics it's pretty clear which direction the wealth went. So much for trickle down economics, eh?

The original 90% tax bracket was put in place as a one size fits all stop to corruption. Since it's removal we  have one scandal after another, followed by an exodus of jobs and massive deficits.

One correction: A corporation is not intended to create short term profits for the BOD and CEO at the expense of sustainable growth and long term share holder value. That is a complete misnomer, much like the failure to distinguish between hedge fund investors and venture capitalist. Dividend and short term capitol gains tax cuts promote looting and momentum bubbles over real investment and sustainable growth.

by sisco66 on 09/16/2009 06:06:14 PM EST

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Corporatists vs. Capitalists (Now with Fun AOL Poll) | 36 comments (36 topical, 0 hidden)