Soak the Rich, Lose the Rich - WSJ.com
Laffer and Moore are idiots. Or treasonists.
America was at its strongest when our tax rates on the top earners (and on capital gains) were at their highest.
Nothing in history suggests a downturn or negative effect by reasonable progressive taxation in times of need. Nothing in history shows any significant improvement in the lives of the vast majority of our citizens when we game the system to let the extremely wealthy retain more of their extreme wealth.
Yet, politicians and jerks like Laffer and Moore have repeatedly been able to con a significant percentage of voters into supporting economic policies clearly against our self-interest.
Time to build a strong middle class - this is the only way America can survive and prosper.
No comments:
Post a Comment