Taxes = prosperity

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I found this nifty chart on DailyKos, along with an article about the idiot who wants to cut taxes on the rich again. I realize it's a little hard to read the exact dates, but here's the overall point:

High taxes on the wealthy, generally speaking, correspond to periods of economic prosperity. Low taxes on the rich, generally speaking, correspond to bad economic periods.

Gee, could there be a connection here?