Be honest about taxes on rich capitalists

A lot of folks in the MSM, punditry, think tanks and lobbying firms are blowing a lot of smoke about tax hikes and the "fiscal cliff."  Most journalists are too lazy, or too intimidated, to contradict their BS.

This includes the corporate media's preemptive strikes against a possible increase in U.S. dividend tax rates. Thanks to one ultra-conservative reader I learned, inadvertently, that higher U.S. dividend tax rates in fact correlate, historically, with higher stock market returns!

Now, as I'm always quick to point out, correlation does not equal causation; nevertheless, this shows that economic performance is not doomed by relatively higher tax rates. Far from it.

When a Tax on the Rich Is Actually a Tax on the Rich

By Peter Hart 

December 3, 2012 | FAIR

URL: http://www.fair.org/blog/2012/12/03/when-a-tax-on-the-rich-is-actually-a-tax-on-the-rich/