Articles in the Taxes Category
General Election, Obama, Taxes, featured »
The Economist magazine surveyed responses from 146 economists, and found overwhelming support for Barack Obama’s economic plan. Some interesting statistics:
Over 75% of economists think that the economy is either 4 or 5 on 5-point scale from “not important” to “very important”, with 5 being “very important”
80% of respondents think Barack Obama will pick a better economic team
80% of respondents think Obama has a better grasp of economics
About 70% of respondents would rather work for Obama
Some telling quotes:
“Although I have tended to vote Republican,” one reply says, “the Democrats have a …
General Election, Socialism, Taxes, featured »
Apparently, a progressive tax structure really is very Ameican. Dean Calbreath writes an outstanding article on the history of U.S. tax policy, and explodes some mis-informed ideas that the wealthy somehow don’t need to pay their own way.
James Madison and Thomas Jefferson were in favor of a progressive tax structure:
In a letter to James Madison in 1785, for instance, Thomas Jefferson suggested that taxes could be used to reduce “the enormous inequality” between rich and poor. He wrote that one way of “silently lessening the inequality of property is to …
