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Message: Re: Krugman reads Sedley
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Aug 27, 2009 11:51AM
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Aug 27, 2009 01:36PM
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Aug 27, 2009 02:37PM
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Aug 27, 2009 03:31PM
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Aug 27, 2009 05:36PM
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Aug 27, 2009 05:53PM
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Aug 27, 2009 05:54PM
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Aug 27, 2009 06:16PM

Assuming that taxes and the economy are static; they are NOT.


Must I repost the income inequality graph for a third time? And my posts prior to that. Taxes for the wealthy are static. Yet their relaitve income has risen dramatically since the 80's. They are paying the same amount in taxes for a larger piece of the pie. Taxes for the middle wage earners have also remained static, yet in the same time period, their relative income has fallen.

I've asked this before of someone. Resolve this with the oft repeated axiom on CNBC that "70% of the US economy is consumer spending" and you will see why I believe that the rich and the ultra rich should assume a greater burden in a recovery.

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Aug 27, 2009 06:37PM
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Aug 27, 2009 07:00PM
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