Wednesday, November 17, 2010

Deficit and taxes: Time to raise taxes on the rich -


It takes an academic to come up with something so damned stupid.

The thing that fueled the early to mid Nineties boom was the evolution of personal computers and the internet. It helped that defense spending dropped precipitously, enabling the government to reallocate resources and close the budget gap. Raising taxes in the midst of a incipient boom is reasonable, to balance a budget; it is insane in the midst of a stagnant recovery.

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