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Interesting Wall Street Journal article:
You Can't Soak the Rich - WSJ.com
You Can't Soak the Rich - WSJ.com
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That government income is predictably related to gross domestic product rather than to percentage of income the rich pay in taxes seems almost meaningless. It doesn't demonstrate that therefore tax on the rich should remain as it is. I like the line, "to whom much is given, much shall be expected.""There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid
"It is easier to build strong children than to repair broken men." --Frederick Douglass -
That's actually quite interesting. I always wondered why no one ever found any empirical evidence to support taxes increases/decreases. I will have to look at that more.Comment
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