This guy, responding to Krugman's latest, "gets it"

[SHRED]

Marc Taylor - Kansas City

I wish the narrative would get off the "fairness" part of raising taxes on the rich and get to the heart of why continuing the cuts at the top are bad for our economy. "Fair" is taken for code for class warfare and is not a convincing argument... it sounds like simple whining versus supported policy.

During this recession, the Fortune 500 companies made record profits. "Trickle-down" economics, if it was real, should have kicked in and saved the economy without one more word said... it didn't.

During this recession, record lows were spent on reinvestment (equipment, people, expansion, and training). And although this violates supply side theory, demand-side people understand that reinvestment will not happen without demand.

So during this recession, record executive paydays and records amount of dollars went to off-shore accounts… via executive personal income… estimated at just under $100 Trillion.

So guess what? These artificially low taxes at the top (along with capital gains rates) let this happen under the guise of not taxing small business at higher rates. But remember, these taxes are PERSONAL income taxes, and speak directly only to the monies TAKEN OUT OF BUSINESS that was never intended for reinvestment or JOBS in the first place. These low taxes ENCOURAGE this money to be extracted... while increased rates would ENCOURAGE reinvestment... which is EXACTLY what we need.

http://www.nytimes.com/2012/11/09/opinion/krugman-lets-not-make-a-deal.html?comments&_r=0#permid=270

[Bandit]

1. This is EXACTLY the argument we should have been using for over a decade now..

The proof of what he says is President Clinton's economic record....Compare and contrast and the LIE from Republicans become incredibly blatant...

[SHRED]

2. bingo!