You simply MUST read this editorial in today's Wall Street Journal by Arthur Laffer. The money quote:
Mark my words: If the Democrats succeed in implementing their plan to tax the rich and cut taxes on the middle and lower income earners, this country will experience a fiscal crisis of serious proportions that will last for years and years until a new Harding, Kennedy or Reagan comes along.
Trained economists know all of this is true, but they try to rebut the facts nonetheless because they believe it will curry favor with their political benefactors.
Mr. Laffer is president of Laffer Associates
Laffer is a smart guy...and he's right about how the top 1% of taxpayers react to tax changes. Cut my taxes and I'll spend the money.
(Hey Citz!)
No comments:
Post a Comment