March 28, 2011

Economics and numbers and math, oh my

I need a little help. A Fb commenter noted Hauser's law (without naming it) to suggest that taxing the rich does nothing except slow down the economy, and it certainly create more revenue. There is something clearly wrong with the argument, but I am struggling to understand it. Angry Bear attempts to explain part of it, but I still think there is more. More about how this kind of take masks the changing nature of who is taxed and who bears the cost of the taxes.


No comments: