‘Tax Cuts for the Rich’?

By Thomas Sowell

By Thomas Sowell
Editors Note: While Thomas Sowell has retired from weekly editorials Mr Sowell has and occasional opinion on the passing scene, this is one.

USA – -(Ammoland.com)- One of the painful realities of our times is how long a political lie can survive, even after having been disproved years ago, or even generations ago.

A classic example is the phrase “tax cuts for the rich,” which is loudly proclaimed by opponents, whenever there is a proposal to reduce tax rates. The current proposal to reduce federal tax rates has revived this phrase, which was disproved by facts, as far back as the 1920s — and by now should be called “tax lies for the gullible.”

How is the claim of “tax cuts for the rich” false? Let me count the ways. More important, you can easily check out the facts for yourself with a simple visit to your local public library or, for those more computer-minded, on the Internet.

One of the key arguments of those who oppose what they call “tax cuts for the rich” is that the Reagan administration tax cuts led to huge federal government deficits, contrary …Read the Rest

Source:: AmmoLand