Obama's Mandate to Raise Taxes on the "Rich"

Discussion in 'Politics' started by usmcstinger, Dec 14, 2012.

  1. usmcstinger
    Offline

    usmcstinger Silver Member

    Joined:
    Dec 31, 2011
    Messages:
    1,064
    Thanks Received:
    197
    Trophy Points:
    98
    Ratings:
    +251
    Mr. Prescott, co-winner of the 2004 Nobel Prize in Economics, is director of the Center for the Advanced Study in Economic Efficiency at Arizona State University. Mr. Ohanian, the associate director of the center, is a professor of economics at UCLA and a senior fellow at Stanford University's Hoover Institution.

    Research by others (including Lee Ohanian, Andrea Raffo and Richard Rogerson in the Journal of Monetary Economics, 2008, and Edward Prescott in the American Economic Review, 2002) indicates that raising tax rates further will significantly reduce U.S. economic activity and by implication will increase tax revenues only a little.
    Prescott and Ohanian: Taxes Are Much Higher Than You Think - WSJ.com

    Those who can read and comprehend this article will learn. Those who can't should get some person to explain it to them. There will be those who continue to believe that this administration knows what is good for our economy. Therefore, reading or listening to any other economic information is not necessary.
     
  2. clevergirl
    Offline

    clevergirl Gold Member

    Joined:
    Oct 22, 2009
    Messages:
    2,718
    Thanks Received:
    548
    Trophy Points:
    153
    Ratings:
    +563
  3. SniperFire
    Offline

    SniperFire Senior Member

    Joined:
    Feb 28, 2012
    Messages:
    13,627
    Thanks Received:
    1,219
    Trophy Points:
    48
    Location:
    Inside Your Head
    Ratings:
    +1,223
    Normal people know 'tax the rich' is a populist charade mouthed by socialist 'fairness' pimps which really won't do a thing to address the problems in America.


    But they go along with it because they are starting to like the free gubmint stuff.
     
  4. Soggy in NOLA
    Offline

    Soggy in NOLA Platinum Member

    Joined:
    Jul 31, 2009
    Messages:
    32,951
    Thanks Received:
    4,335
    Trophy Points:
    1,130
    Ratings:
    +11,667
    No shit.... it's he argument of the hopelessly stupid.
     

Share This Page