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What the Wealthy Did With Their Tax Cuts

What the Wealthy Did With Their Tax Cuts

· Saturday, September 11th 2010 at 6:08PM · 560 views
According to the the U.S. census US capital investment in foreign countries has gone from $1.3 trillion in 2000 to $3.2 trillion in 2008 while at the same time the Bush tax cuts which overwhelmingly went to the wealthy cost 1.3 trillion per politifact. So the wealthy essentially took their tax cuts, intended per the Republicans to spur U.S. jobs, and invested them and more in foreign countries, not the U.S..

http://www.census.gov/compendia/statab/201...

http://tpmcafe.talkingpointsmemo.com/talk/...
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Comments (4)

Jen Fad Sunday, September 12th 2010 at 4:59PM

Brother Clark,
What a huge eye opener this blog is for me. How do you know all this stuff? Ha! It's just sad that the American people have to suffer because of greedy people. Perhaps this is the way to the One World Order? How I miss Brother Earl. He's the expert on that subject. Anyway what can we do except go into business for ourselves to see if we can create some wealth for our children's children?

Jen Fad Monday, September 13th 2010 at 5:39PM

What can we do it we can't trust our policy makers to do the right things for us? It appears they all they are concerned about is cutting deals with one another that benefit them and only them. Perhaps we better look to another country to move to and if that be the case, how pratical is that?

ROBINSON IRMA Thursday, April 10th 2014 at 6:47PM

...and, speaking of everyday common sense...

we (those who use to have paychecks of living wages and medial and retirement benefits)loose when nothing is made in America and this only makes the rich richer...but we still keep believing taht the rich are out there trying to get poorer and poorer..D-U-H whole thelobby laugh all the way to the bank on the way home to one of their many mansions. (smile)

ROBINSON IRMA Thursday, April 10th 2014 at 6:47PM

...seen any $5.00- $7. 50 an hour jobs outsourced?!? (NUP)

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