Taxation and the RichJuly 17, 2009 at 1:30 pm | Posted in American politics | 1 Comment
Earlier I wrote a post about Growth and Taxes in which I shared this graph
Now, I found a graph from Matthew Yglesias that shows the wealth of the very rich
Note again, when the rich are at their richest, bubbles form. When they are not, sustainable growth occurs.
Once again, tax the rich. Tax them at 50%. Pay off our national debt. Stay close to, if not above, the budget on an annual, consistent basis. We’ll have sustainable, manageable growth. Otherwise, we’re just gonna oscillate wildly once again with bubbles and their constant bursting.