Thursday, August 06, 2009

Raising taxes = less spending power for people = stronger economy. Oh, NOW I see the connection.

Steve Pearlstein writes in the Washington Post that raising taxes being bad for the economy is a Republican fantasy and there is “very little evidence supporting this view.”

I would have to say that Mr. Pearlstein is either ignorant of the facts or is deliberately hiding them in order to make the point for his liberal agenda. I would rate either option as having an excellent percentage of being correct.

Empirical evidence supporting that revenues go down when tax rates go up would fill a skyscraper. Maybe, by “very little evidence,” Mr. Pearlstein means compared to all the evidence of everything in the universe combined totally and added together. In that case, you can take his word for truth. Sort of.

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