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A Zillionaire's Solution: Tax the Rich and Save the Economy

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Nick Hanauer Laura Flanders 2016
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The GOP tax plan is a scam that won’t create jobs, contrary to what Trump says. There is is simply no empirical evidence nor plausible economic mechanism to support the claim that cutting top tax rates spurs economic growth. When Pres. Clinton hiked taxes, the economy boomed. When Pres. G.W. Bush slashed taxes, the economy ultimately collapsed. But we’ve been playing this con so long that we rich folk have started to con ourselves into believing that there is no limit to how much we can enrich ourselves at your expense. The irony is that it was always you who enriched us, not the other way around. Back when we paid our fair share and invested in growing the middle class, prosperity always trickled up. So please, don’t just raise taxes on me because it’s good for you. Do it for me and for all my rich friends. Raise our taxes. And watch America grow.

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