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 […]