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Overnight Open Thread

1149
jcm3/10/2009 8:54:00 am PDT

re: #1141 avanti

Excellent point. The progressive tax should not be so high as to demotivate the rich from getting richer. If you believe in trickle down economics, the more they keep, the more they spend fueling the economy. That’s why they keep fiddling with the rate, trying to strike a balance.

Laffer curve.

The fundamental questions are:
How much should the Federal Government do?
How much of the GDP are we willing to give to government?

The current course we are moving from a Representative Republic to Oligarchy.