The Liberal Patriot Blog
 The Liberal Patriot Blog is dedicated to collecting and sharing information about National and State [New Hampshire] Political Action, News, and Events.

Monday, September 10, 2007

Backwash Economics

Paul Krugman Where's My Trickle?

Paul Krugman writes for The New York Times: "The absence of any gains for workers in the years since the 2003 tax cut is a pretty convincing refutation of trickle-down theory. So is the fact that the economy had a much more convincing boom after Bill Clinton raised taxes on top brackets. It turns out that when you cut taxes on the rich, the rich pay less taxes; when you raise taxes on the rich, they pay more taxes - end of story."


Comments: Post a Comment

< Home

This page is powered by Blogger. Isn't yours?