Tie tax cuts to unemployment rate (DU backwards alert)

Fri Nov-12-10 08:40 AM | "Pholus "

[palmer]

10% unemployment = 50% top tax rate corporate = 85% individual top tax rate for more than $250k/year

4% unemployment = 20% top tax rate corporate = 25% individual top tax rate for more than $250k/year

1% unemployment = 0% top tax rate corporate = 10% individual top tax rate for more than $250k/year

[palmer]

Apparantly this idea was copied from a comment in Krugman's blog. Perhaps the original poster there meant to be satirical?

Some obvious extensions: 20% unemployment results in a 99% tax rate, then 90% employment in a 100% tax rate, then 100% unemployment with an infinite tax rate.

[Dahoser]

Make sense to me.

[Erik Latranyi]

The long-term result of liberals' hatred of capitalism and private property.

[Popman]

These people really are insane !

[Question Liberal Authority]

I was reading a Nero Wolfe detective story written in 1945. In the story, Wolfe refuses a commission of $5,000 because, after income tax, he will only get $500 and he can’t see doing the job for $500.

[556x45]

Perhaps, we could consider grossly ignorant as well. The way libs go about life is so 4th world. They would make such good flat worlders etc. Facts are never allowed to confuse them. After all they ARE smarter than the rest of us. LOL!!!!