Why is the Middle Class Evaporating?

If you listen to leftists and big-government stooges, the middle class is evaporating because of low minimum wage, greedy corporations, and tax-breaks for the rich. Which would indicate that, in order to grow the middle class, the civil government needs to get more involved. No one argues with the fact that the middle class drives economic growth, and is therefore a crucial component of economic recovery, but what is the real problem here? I think it can be boiled down to a few things: Crony Read more […]

Paul Krugman Argues For 90% Top Tax Rate–Is He Joking?

Classic New York Times: In Paul Krugman’s latest column he uses the Twinkie ordeal as an excuse to write about the tax rates of the 1950’s, and how they relate to today’s rates. He argues–as you might expect from Krugman–that the 90% top tax rate of the 1950’s led to a strong, booming economy. When I first read the article, I knew something was fishy, and I was correct. After doing some brief research, I can now shoot holes in Krugman’s arguments. Here’s what Krugman had to say: “Yet in the Read more […]