This is the strangest question of all of history. My guess is that if we learn the answer to it, we will know things unimaginable to most everyone. The fact that things have playedout as they have, for any rational thinking person, boggles the mind.
Sowell is right 99.99% of the time
” There is nothing mysterious about this. At high tax rates, vast sums of money disappear into tax shelters at home or is shipped overseas. At lower tax rates, that money comes out of hiding and goes into the American economy,...”
Totally done bought it and stuff.
If Thomas Sowell recommends it, I buy it.
Well, that’s the problem....Dems are mostly people who read very little unless it’s porn or an entertainment/scandal rag. People magazine is probably the magazine of choice for most Dems who read anything. The reason they’re Dems is that they either don’t read anything worthwhile, or they don’t read anything period. Believing facts can enter the mind of a Dem is like throwing a pebble at The Rock of Gibraltar and expecting it to shatter.
One of the three most worthwhile economics books I've ever read. The others are "Economics in One Lesson" and "The Wealth of Nations".
From the Presidential primary debate. 4/16/08
Charles Gibson: “...and in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28%, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected”?
Obama: “Well. Charlie, what I’ve said is that I would look at raising the capital gain tax for purposes of fairness”.
The original link quit, here’s a working link: