Taxing the Rich Spurs Economic Growth Says Robert Reich

Berkeley’s  says, historically speaking, taxing the wealthy has created economic growth in America.

Reich says to disregard what you'll hear on the campaign trail in the coming months. There’s no need to compromise fairness for economic growth, he tells the Christian Science Monitor.

“History shows that higher taxes on the wealthy would mean a healthier economy for everyone else.”

Reich says taxes in the top incomes were higher “in the three decades after World War II than they’ve been since.”

Income was distributed more equitably, he tells the Christian Science Monitor, and “the American economy grew faster in those years than it’s grown since tax rates on the top were slashed in 1981.”

Reich claims that Clinton’s raising of taxes on the rich in the 90's “produced faster job growth and higher wages than it did after [Bush] slashed taxes on the rich in his first term."

And speaking of taxes, Charles Burress of El Cerrito Patch says ". That's the good news. But filing is never fun no matter what day.