In the 60’s John F Kennedy pushed Congress to lower the tax rates across board and this produced an economic boom at the time. (Too bad his executive order to replace Federal Reserve notes with debt-free United States, silver-backed notes fell apart after his death, else we’d really have a boom still going today).

In the 80’s, Ronald Reagan and a Republican Congress, along with a reluctant Democrat House pushed through a series of tax reductions that led to a boom that lasted longer than any post WWII (yes, longer than the 3 year boom during the Dot Com era).

In the 90’s, the Republican congress squeaked through a minor tax cut on Capital Gains which partially led to the stock market boom.

In the early 2000’s, W was able to get Congress to go along with income tax rate reductions which led to the US pulling out of the recession that started at the end of the Clinton term and bottomed after 9/11.

In 2010 Obama was forced to avoid the raising of the tax rates back to Clinton levels in order to prevent the Great Obama Democrat Depression (what it should be called, not the great recession) from getting worse.

The left thinks that all you have to do is raise tax rates and the money will flow and the government will be in nirvana. The reality has been proven over and over that people keeping their own hard-earned money has a greater, longer lasting positive result than the government taking more and then handing out one-time measly stimulus checks or funneling money to unions.

Another example took place recently in the UK. A 50% tax rate on the wealthiest took place last year and the numbers are in: Revenue dropped. Raising rates harms the economy. It produces less revenue over time as the economy shrinks and unemployment rises.

But will they learn? Nope, they’ll just blame blame blame. They’ll say that the rich hid it or committed crimes, etc.

Same old story…