California Gov. Jerry Brown Obliterates Republican Economic Propaganda with One Stat

California Gov. Jerry Brown Obliterates Republican Economic Propaganda with One Stat

"As we all know, essentially the entire Republican economic philosophy is based upon deregulation and tax cuts. It’s an interesting stance considering Republicans have finally admitted that over the last 40 years income inequality has become a major problem. Of course, those years just so happen to coincide with “trickle-down” economics, otherwise known as the promise that tax cuts for the rich will benefit all of us. Each and every time a Republican admits that income inequality has been a problem over the last 40 or so years, all they’re really doing is admitting that trickle-down economics has been an absolute failure. But the truth of the matter is, you really have to be naive or brainwashed to believe that cutting taxes for the rich will benefit the rest of us. Since the dawn of this failed economic philosophy all that’s happened is the rich have gotten richer, the middle class has fallen further and further behind and our national debt has ballooned to over $18 trillion and growing. The only ones who’ve benefited from this con have been the wealthy. Even with those facts being indisputable, to listen to Republicans talk about any sort of tax hikes or regulation you’d think it was going to lead to a complete collapse of our economy and the elimination of millions of jobs. That’s nonsense. In fact, California Governor Jerry Brown just obliterated Republican economic talking points during his state’s State of the State Address when he boasted about the fact that California has created two million new jobs since 2011 – despite fairly substantial tax hikes. Oh, and by the way, the state also has a huge budget surplus."