Jul 21, 2017 · 1 min read
The underinvestment problem is driven by tax cuts and increasing tax loopholes. Eighty to ninety percent of Americans CAN’T AFFORD higher taxes, as they’re barely holding on financially. But the message that taxes are evil and, if we keep cutting taxes on the top 1% or 10% and eventually jobs will be created, has permeated the national debate. That’s the message that needs to be countered. People like Nick Hanauer and Chuck Collins get it — they’re not job creators, spending by the 90% is what creates jobs. We need a much more progressive income tax in the US to get the ball rolling, and the investment will fund better lives for the 90%, which will create growth and wellbeing.
