And cause massive hemmorhaging of jobs, as Obama's stimulus efforts did, at least until the 2010 election balked him, taking away his rubber-stamp congress, and dethroning Pelosi and Frank (architects of the 2007 collapse).
And massive tax increases on the wealthy are bound to fail. As Antony Davies of Duquesnes has pointed out, the treasury netted twice as much tax revenue per person (adjusted for inflation) when the top rate was 50% than they did when it was 90%.
And cause massive hemmorhaging of jobs, as Obama's stimulus efforts did, at least until the 2010 election balked him, taking away his rubber-stamp congress, and dethroning Pelosi and Frank (architects of the 2007 collapse).
ReplyDeleteAnd massive tax increases on the wealthy are bound to fail. As Antony Davies of Duquesnes has pointed out, the treasury netted twice as much tax revenue per person (adjusted for inflation) when the top rate was 50% than they did when it was 90%.
ReplyDelete