Today's column yesteryear Paul Krugman is classic Paul: It takes a policy favored yesteryear the right, attributes the nearly vile motives to those who advance the policy, as well as ignores all the reasonable arguments inwards favor of it.
In this case, the final result is the reduction inwards upper-case missive of the alphabet taxes during the George W. Bush administration. Paul says that the destination hither was "defending the oligarchy's interests."
Really? As Paul good knows, at that topographic point is a large literature inwards economics suggesting that an optimal taxation organization imposes much lower taxes on upper-case missive of the alphabet income than on wage income (or consumption). I tin personally attest that President Bush's economical advisers were good aware of this literature.
Note that when Barack Obama ran for President inwards 2008, he campaigned on solely a pocket-sized increase inwards the taxation charge per unit of measurement on dividends as well as upper-case missive of the alphabet gains. He did non propose raising the charge per unit of measurement on this income to the charge per unit of measurement on ordinary income. Is this because Barack Obama also favors the oligarchy, or is it because his advisers also understood the illustration against high upper-case missive of the alphabet taxation? Sumber https://gregmankiw.blogspot.com/
In this case, the final result is the reduction inwards upper-case missive of the alphabet taxes during the George W. Bush administration. Paul says that the destination hither was "defending the oligarchy's interests."
Really? As Paul good knows, at that topographic point is a large literature inwards economics suggesting that an optimal taxation organization imposes much lower taxes on upper-case missive of the alphabet income than on wage income (or consumption). I tin personally attest that President Bush's economical advisers were good aware of this literature.
Note that when Barack Obama ran for President inwards 2008, he campaigned on solely a pocket-sized increase inwards the taxation charge per unit of measurement on dividends as well as upper-case missive of the alphabet gains. He did non propose raising the charge per unit of measurement on this income to the charge per unit of measurement on ordinary income. Is this because Barack Obama also favors the oligarchy, or is it because his advisers also understood the illustration against high upper-case missive of the alphabet taxation? Sumber https://gregmankiw.blogspot.com/
