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Larry Beinhart

Larry Beinhart

Posted: December 4, 2010 05:29 PM

NEVER EVER LET THE FACTS MATTER
TAX CUTS USUALLY LEAD TO HIGHER UNEMPLOYMENT
TAX INCREASES LEAD TO LOWER UNEMPLOYMENT

Since 1950 we have had five tax increases on the rich.
Four out of five times unemployment went down.

Since 1950 we have ten cuts to the top marginal rate.
Six out of ten time unemployment has gone up.

YEAR TOP MARGINAL TAX RATE UNEMPLOYMENT RATE RESULT
1962 91 5.7 BASE YEAR
1963 77 5.2 Tax cut/ Unemployment down
1964 70 4.5 Tax cut/Unemployment down

1967 70 3.8 BASE YEAR
1968 75 3.6 Tax hike/Unemployment down
1969 77 3.5 Tax hike/Unemployment down
1970 71.8 4.9 Tax cut/Unemployment Up
1971 70 5.9 Tax cut/Unemployment Up

1980 70 7.1 BASE YEAR
1981 69.1 7.6 Tax cut/Unemployment Up
1982 50 9.7 Tax cut/Unemployment Up

1986 50 7.0 BASE YEAR
1987 38.5 6.2 Tax cut/Unemployment down
1988 28 5.5 Tax cut/Unemployment down
1989 31 5.6 Tax hike/Unemployment up

1992 31 7.5 BASE YEAR
1993 39.6 6.9 Tax hike/Unemployment down

2000 39.6 4.0 BASE YEAR
2001 38.6 4.7 Tax cut/Unemployment up

2002 38.6 5.8 BASE YEAR
2003 35 6.0 Tax cut/Unemployment up


 
 
 
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09:39 PM on 12/05/2010
2011 The Year Of The HOBO!
Should You Learn The Language?

Today graffiti is prevalent on walls, residences, businesses and the infrastructure in America. A result of gangs slinging communication at each other while leaving the general public puzzled and bewildered. But this isn't the first time that indigenous groups have used code to converse with each other. In the 1930's millions of Hobos developed their own unique system of symbols which could be found on street curbs buildings and crossroads nationwide.

The meanings of the symbols reached the vagabonds riding the rails that arrows and geometric shapes were a communication highway. Will this truly American underground dialect be called back for today's unemployed survival? When millions of unemployed patriots are kicked to the streets to be belittled, starve and disenfranchised, then a peaceful outcome is unpredictable. Add to this how many new HOBOs recently working class believe their situation is their own fault when they know an unregulated Wall Street took them down?

Do we really want our National Guard posted and on stand bys to prevent civil unrest? Is it worth it
to the GOP Tea Party millionaires at the tax cut trough, to increase costs in homeland security for all because of their contempt for the unemployed? Will it be worth to us all to leave unemployed extensions in the abyss?

Artist Country Carl dot com of the 99ERS New Depression Blues Video,
Hopefully you won't have to HOBO UP!
http://www.youtube.com/watch?v=tM6CuCjUTDK
12:10 PM on 12/05/2010
Not enough time and room to go through each year to point out the MANY other variables.

Take 1993... A tax hike and unemployment went down BUT we were in the middle of a tech boom and housing bubble expanding.

In 2001 we had a tax cut and unemployment went up BUT we had 9/11, tech BUST, and war.

Please stop censoring and post this.
11:51 PM on 12/04/2010
Tax-cuts for the Job-makers.
11:50 PM on 12/04/2010
Tax-cuts for the wealthy because they are the Job makers those.No unemployment checks cause that's just throwing away money on the lazy.
HUFFPOST SUPER USER
Cleverboots
10:44 PM on 12/04/2010
Your post is logical and precise. Too much so for the teabaggers.They will just go on misstating the facts and preaching to the ignorant.
photo
angry in ct
we are the progressive liberals who say "nee"
03:24 PM on 12/05/2010
They would only understand it if you drew it with Crayola crayons or an Etch A Sketch.
HUFFPOST SUPER USER
Cleverboots
05:50 PM on 12/05/2010
A Kindergartner in the White House! Or did I just insult kindergartners?
photo
Welib
Peace on Earth!
09:10 PM on 12/04/2010
I'll bet there won't be a single comment from the baggers on this story.  They're pretending tax cuts lead to low unemployment because that's what Republicans told them.  And after 30 years of proof that they don't, they're still pretending.  No amount of proof you give the baggers will make them change their minds.  They don't have critical thought or enough curiosity to educate themselves. The rest of us get this.
12:06 PM on 12/05/2010
Not enough time and room to go through each year to point out the MANY other variables.

Take 1993... A tax hike and unemployment went down BUT we were in the middle of a tech boom and housing bubble expanding.

In 2001 we had a tax cut and unemployment went up BUT we had 9/11, tech BUST, and war.
HUFFPOST SUPER USER
Boodieugwumba
Crusader
08:52 PM on 12/04/2010
The facts are very clear but, for some reason, people don't seem to care. Americans seem to have the Stockholm Syndrom for the Republican Party. I'm beginning to believe that that syndrom is real. http://ohaneze.blogspot.com/2010/11/america-republican-party-and-stockholm.html
09:10 PM on 12/04/2010
Interesting article, definitely will share that with friends in the psychological community.
10:42 PM on 12/04/2010
And speaking of stockholm syndrome...

http://www.nytimes.com/2010/12/05/opinion/05rich.html

Here's a link to an FBI document discussing stockholm syndrome mentioned in the above Frank Rich article:

http://www.fbi.gov/stats-services/publications/law-enforcement-bulletin/2007-pdfs/july07leb.pdf/at_download/file
HUFFPOST SUPER USER
Hellooo
07:42 PM on 12/04/2010
If we let the tax cuts go away, there will be less money to spend on campaigns. That's a good thing.
missprissanna
the weight of the news nearly broke my back
06:34 PM on 12/04/2010
Seems to me that those in control truly wish to destroy those of us who aren't rich. The unemployed who have been fortunate enough to receive benefits at least weren't hungry. Now what? Under employed with incomes continuing to decrease leave many literally with no hope. Please don't attempt to judge the unemployed or underemployed if you aren't living this horrible nightmare. Nothing is being done about this jobless situation as the only important thing on their agenda is more and more and more for the haves and have mores.
09:08 PM on 12/04/2010
Well said. F&F