Tax Breaks for the Rich vs. Budget Cuts for the Poor
More infographics. One more time, but really for your mind. If you haven't been paying attention for the past 6 months or so, the United States is at a crossroads of economic discourse. The haves and have-nots have always been disparate, but with the extension of George Bush's tax cuts, the distance between the two is set to grow exponentially. Conservatives, most notably the Tea Party, have put forth rhetoric saying that tax cuts for the rich will boost the economy by encouraging trickle-down economies. Basically, they're implying that by supplying the rich with more disposable and untaxable income, the rich will re-invest that money back into businesses and it will ultimately trickle down to the poor.
Yet as we've seen over the past decade, whether it's the financial collapse of 2008, the increasing tension between labor unions and owners, or our country's still-laconic economy, the rich have no intention of putting money back into the economy. They're content to put their money away in interest-bearing accounts and offshore entities to keep it 'safe'. What conservative political pundits fail to mention, though, is the crippling effect it has on the rest of us, further shrinking the middle class and widening the gap between the rich and poor. And all of this is lieu of the now GOP-led Congress threatening to cut numerous programs that would help the 'lower' class of the country. The infographic above compares the two: the tax cuts for the rich, and the cuts to programs such as early childhood education, teacher training and after-school programs, and job training for the unemployed. The good people over at the Center for American Progress put it together in the hopes that it would enlighten those blinded by conservative