Tuesday, November 20, 2012

Debunking Paul Krugman's Beloved 91 Percent Tax Myth

In his column yesterday, New York Times columnist Paul Krugman made the case for how the pro-union and high-tax policies of the 1950s led to America’s unparalleled economic success from the end of World War II until the mid-1970s. The essay is a classic example of how to use a few correct facts to make a completely illogical argument. First Krugman says “Above all, the success of the postwar American economy demonstrates that, contrary to today’s conservative orthodoxy, you can have prosperity without demeaning workers and coddling the rich.” The only evidence of “coddling” he cites is lower tax rates...

Read more: http://newsbusters.org/blogs/dustin-siggins/2012/11/20/debunking-paul-krugmans-beloved-91-percent-tax-myth

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