How the Wall Street Journal Distorts the Truth About Taxes

The Wall Street Journal is the leading mouthpiece for cutting taxes for the rich. The Journal editorial board is fully in the service of that cause. An editorial at the start of this week ("Where the Tax Money Is," April 18, 2011) is a vivid case in point. The Journal claims that IRS data prove the "fiscal futility of raising rates on the top 2%, or even the top 5% or 10% of taxpayers to close the deficit." The IRS data in fact prove exactly the opposite ... Full Story »

Posted by Dwight Rousu - via Huffington Post (Featured), Seth Roberts Farber (t)
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Subjects: World, U.S., Politics, Business, Media
Member Tags: class warfare
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Posted by: Posted by Dwight Rousu - Apr 19, 2011 - 4:17 PM PDT
Content Type: Article
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Edited by: Dwight Rousu - Apr 22, 2011 - 10:54 AM PDT
Kenneth L Salzman, PhD
4.8
by Kenneth L Salzman, PhD - Apr. 23, 2011

A reasonably succinct description of the disparity of wealth especially with regard to the issue of increasing taxes on the wealthiest Americans. The position is rooted in real numbers and comparable facts. This is an appropriate chastisement to the outlets attempting to use numeric sleight of hand in order to convince the majority population that the minority should continue absorbing an ever greater share of the wealth of the nation while letting the rest of the nation sink into an economic morass.

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Dwight Rousu
4.6
by Dwight Rousu - Apr. 28, 2011

The sociopathic class warfare bias of the WSJ is exposed by looking at the facts.

Propaganda of the rich, by the rich, and for the rich. The exclusive nature of the Journal is that they advance their agenda via actions that war upon the poor and middle classes, and the disadvantaged.

Despite the media machine of the corporate sector and the relentless messaging conveyed by some of the world’s richest people, including the Journal’s owner ... More »

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Randy Morrow
4.4
by Randy Morrow - Apr. 22, 2011

The Journal claims that IRS data prove the “fiscal futility of raising rates on the top 2, or even the top 5 or 10% of ... More »

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Donald Barnes
4.0
by Donald Barnes - Apr. 22, 2011

It is always good journalism to report the biases of major media. Once given the facts a reader is able to judge the credibility of the source and to wonder how far afield of truth that source has wandered and for what purpose. There is a falacy in this story. Income tax rates will never go to 100%. However there is some level of taxation between 19% and 100% that is fair and efficient in resolving deficits and the National Debt. Thanks be to Dr. Sachs for exposing the lie and pointing to the source of illumination.

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Matt Chessen
4.0
by Matt Chessen - Apr. 24, 2011

Sort of. It refutes the WSJ, but doesn't address the journals main point that you either raise taxes on the middle class or drastically cut entitlements

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