Less taxes! More millionaires!

Uncle Moneybags character copyright Hasbro, Inc.

Stephen Moore, a member of the Wall Street Journal’s editorial board, lays out the case for lower tax rates, yes, even for millionaires, and argues that the only sensible way to make millionaires pay more in taxes is… to create more millionaires. He evaluates the various 20th century presidents who cut taxes (surprise – not counting those blissful years before the income tax was instituted, we never had it so good as during the Coolidge 20s).

One thought on “Less taxes! More millionaires!

  1. Mr. Moore chants the rightist mantra– ” Between 1923 and 1928, benefited by lower tax rates, the economy surged, raising incomes and living standards for the middle class” –and doesn’t let the facts get in his way.
    By the measurements of the National Bureau of Economic Research, the economy was in recession more than a third of the time Coolidge was president.
    http://www.nber.org/cycles.html

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