Aug 302012
 

I get asked for this sort of thing all the time, and thought I’d put it all in one, convenient place, so the next time someone starts bending your ear about the glories of Reaganomics, tax-and-spend Democrats, or Weber and the Austrian school of economic theory, you can point them to a nice, sleet-frigid shower of reality.

You see, we liberals have this great hole card when it comes to economic policy, which is that while our prescriptions for the economic health of the country may not be 100% right, it is irrefutably a fact that those of conservatives are wrong.

You like charts? I like charts. Here are some charts: 42 of them, in fact. The list is below the image slider.

UPDATE! Here is an accessible annihilation of Hayek, von Mises and their “Austrian School” of economic theory, which really boils down to governments baaaaaaaad (boo! hiss!), and Magic Free Market Pixie Dust gooooooood.

Go read it, it’s informative and fun.

1_percent_share_of_pre_tax_income

Picture 1 of 42

  1. The Top 1%’s Share of Pre-Tax Income
  2. Republicans are Responsible for the National Debt
  3. The US has a low rate of taxation
  4. Federal Income Taxes on Average Families are Historically Low
  5. Corporate Taxes are Historically Low
  6. Effective Tax Rates on the Wealthy Have Fallen Dramatically
  7. The Bush Tax Cuts Were Weighted Heavily for the Rich
  8. Eliminating Bush Tax Cuts Flattens Debt Growth
  9. Tax Expenditures are Bigger than Entitlement Programs
  10. Bush Increased Spending by 88%; Obama by 7.2%
  11. Private Sector Jobs Have Grown Far Better Under Obama
  12. Deficit is Projected to FALL Under Obama
  13. Income Increases Flat Since 1979 Except for the Wealthy
  14. Capital Gains Are Concentrated Among the Very Wealthy
  15. Typical Middle Class Households Pay Higher Tax Rate than Many Wealthy
  16. Raising Capital Gains Tax Would Have No Major Effect on the Elderly
  17. Obama Scaleback of Bush Tax Cuts Affects Only the Very Wealthy
  18. Lower Taxes on Rich Do Not Lead to Job Growth
  19. Bush Policies–NOT TARP–Drive Huge Deficit
  20. Doing Nothing Would Reduce Deficit by 7.1 Trillion Over 10 Yrs
  21. Synopsis–Republican Economic Talking Points Are False
  22. Reaganomics Has Killed American Prosperity
  23. The End of the Great Prosperity Is Linked to Supply-Side Economics
  24. Ryan Budget Raises Taxes on 10x as Many People–Just Not the Rich
  25. More than one-third of Families With Children Have Increased Taxes Under Ryan Budget
  26. Income Growth, Climbing for Decades, Has Plummeted Since Reagan
  27. Nearly All Income Gain Since 1979 Has Been At The Top
  28. Nearly All Income Gain Since 1979 Has Been At The Top (2)
  29. Productivity Has Jumped, But Pay Fallen
  30. Inequality Since 1979 A Sharp Departure from Postwar Prosperity
  31. Median Household Incomes Declining
  32. Republicans Created Huge National Debt
  33. Obama Has Cut Taxes More Than Bush
  34. Private Job Gains Smaller Under Republicans
  35. Benefits of Increased Productivity Have Not Gone to Middle Class
  36. The Poor Pay the HIGHEST Taxes Proportionally
  37. Reaganomics Gutted the Middle Class
  38. Right to Work States Lose More Manufacturing Jobs
  39. Economists Near-Unanimous Stimulus Worked
  40. Supply Side Economics Fails By All Measures
  41. Average Tax Rates Reduced Most Since 1979 for the Wealthiest
  42. Taxes for Wealthy Have Fallen Dramatically