No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP. -- taxes up, economy down

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Oh great, raise taxes on the rich and the economy stops growing.

http://www.wsj.com/public/article_print/SB121124460502305693.html

Posted by Merl Oberon Publisher at Thursday, October 30, 2008 1:30 AM
Categories: Capitalism
 

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