Eugene David
...The One-Minute Pundit

Thursday, April 09, 2009


French Economist Argues for an 80-percent Tax on the Rich

...and con-SER-va-tives have argued for a ZERO-PERCENT TAX.

Economic fantasies beget economic fantasies. The laissez-faire of the Roaring Twenties paved the way for 90-percent tax rates, which over time led to trickle-down, which in turn led to bubbles and Lehman. This is just another fantasy, to be answered in kind with a fantasy.

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