Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Economic Interests

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Economic Interests

Article excerpt

The economic differences between our choices in November are stark. Donald Trump wants to lower taxes for the super rich and eliminate the minimum wage. Hillary Clinton wants to raise taxes on the rich and raise the minimum wage. Which will improve the lives of more Americans?

Trickle-down economics failed under Reagan, under Bush and, you might say, even under Obama. The top marginal tax rate during the post-World War II economic boom was a whopping 90 percent, as opposed to today's 40 percent. If giving the rich more money stimulated the economy, then ours should be booming right now. Instead, the stock market booms because that's where the rich put their money.

Raising the minimum wage, on the other hand, will put money in the hands of those who mostly live paycheck to paycheck. They will spend that money within two weeks. …

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