Make Real Economic Change: Raise Taxes On the Rich — A Lot

By James A. Kidney  Now that the major party nominees are chosen, the economic pundits are making their recommendations on how to boost what remains a moribund economy. Despite recent months of reported job increases and a slight uptick in average pay last month, few believe the economy is robust or expected to be so.  See also here (pay wall).  The reasons — and proposed cures — depend on your politics, of course.             Where the Candidates Stand Donald Trump this week proposed the usual failed trickle down policies.  He wants tax cuts for the wealthy, including elimination of the estate tax (which effects about 0.2 percent of citizens).  He would increase the earned income tax credit, which is a pure redistribution of a little income to the poor which does not create jobs.  He would provide only a tax deduction for child care — which means you have to … Read more of this post . . .

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