ChrisL68
Riley Skinner
- Joined
- Mar 16, 2011
- Messages
- 31,306
- Reaction score
- 3,778
First of all people weren't hiding money these were perfectly legal shelters that were in the tax code. Secondly the argument he is making is that these high marginal tax rates didn't have an impact on GDP and the fact that he is ignoring the impact of the shelters and deductions and what they had on the true taxes that high income earners were actually paying is very relevant to that. A Nobel Laureate Economist who focuses on tax policy should understand thatYeah, the argument “You shouldn’t raise rates on the highest earners because they used to hide money and now they don’t” is a weird hill to stake your flag on
Last edited: