Posted on 04/18/2012 10:48:33 AM PDT by 92nina
As a well-researched economist Paul Krugman used to play by the numbers, now hes distorting the facts to rob the Huxtables. In a recently released excerpt from his contribution to the Occupy Handbook, Paul blame Bush Krugman discusses political polarization as a negative extension of power borne by the so-called one-percenters. Never mind the free-speech protections and profligation of online media that have allowed a larger number of Americans to participate politically, Krugman blames the one-percent.
Krugman blames the one percent for everything from political polarization to the economic crisis. His solution is to find more things to taxspecifically higher income earners since they can pay more. This argument follows the pay your fair-share philosophy behind Occupy Wall Street (which has degenerated into an anarchist movement). So on tax-day 2012 wed like to look at the nature of fair-share taxation and shed some light on the highly progressive structure of the federal tax code.
The tax code is a progressive, highly redistributive tool for government to affect the behavior of a large group of households. About 70% of taxes are paid by homes with an income at or above $100,000equivalent to the household income of a teacher and firefighter living together and earning an average of $57,000 and $43,000 respectively. What about the 1% which many on the left want to tax more? A lawyer and an obstetrician living together earn an average of $349,000 putting them in the one-percent where they pay about 40% of income tax. These arent super wealthy bankers or some millionaire tax-cheat, these are the Huxtables. Raising taxes on the 1% in the name of fairness is like robbing Cliff and Claire to pay Cockroach.
Like Michael Moore, Paul Krugman is in the one-percent, although Moore he denies it revealing that he either doesnt understand the meaning of percentages, income or both. If they want to pay more they can make a voluntary payment to the Treasury today by sending in a check or using their credit cards on the Treasurys website. We find it ironic that you can take out a line of credit to pay off the governments rapidly expanding line of credit.
In his Occupy Handbook excerpt, Krugman claims that Republican politicians must have failed Econ 101 otherwise they wouldnt propose tax decreases. Never mind that every economist agrees on principle that taxes distort behavior, drive away investment and decrease wealth for society as a wholeif you dont believe us take a look at any economics textbook including the one written by Professor Krugman. Correction: Dr. Krugman, hes earned his PhD after all and even Obama cant tax that away from him.
Read more: http://atr.org/huxtable-tax-a6845#ixzz1sPn1rnkS
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at Digg and at Reddit and in Stumbleupon and Delicious
Don't forget "toenail fungus".
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