So I know I already wrote a post on this but after some time thinking about this I thought I'd put out an idea to all of you wonderful people. We all know that the US economy is in a bind. It has been for quite some time now. I think it is fair to say the economy is in a better state now than it was 4 years ago (if you disagree...well I'm sorry). That being said, the US economy is no where as strong as I believe it could be.
Does anybody remember the reports from a few years ago that said that we (the US) were in almost as bad shape as The Great Depression? Since then it seems that we were not quite as bad off, but certainly we were in terrible shape. And people are still in 2013 saying that we are having the worst economic recovery since then.
As almost everyone has probably heard, the sequester cuts have taken effect in the US. This has spiked an increase in attention to tax policy, because President Barack Obama and the Democrats have said that they will not accept any policy that does not have in it tax increases on the wealthiest of US citizens. Republicans on the other hand have said that they do not support any measure which attempts to raise taxes, especially on the rich because the Republicans consider them the job creators.
This is a major divide in US politics, and an extremely polarizing issue. This isn't anything new, but is being put particularly in the spotlight because of these recent events. I think now is a very good time to share some very important facts about the current state of the economy. Particularly in reference to the distribution of wealth and how this is or should be reflected in the revenue and tax policies. For starters why don't we start with the following video :
