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09 December 2012

In And Of Itself

NYT:

Even if Republicans were to agree to Mr. Obama’s core demand — that the top marginal income rates return to the Clinton-era levels of 36 percent and 39.6 percent after Dec. 31, rather than stay at the Bush-era rates of 33 percent and 35 percent — the additional revenue would be only about a quarter of the $1.6 trillion that Mr. Obama wants to collect over 10 years.

At this point, anything that reduces income inequality would be a absolute boon (Warning: link goes to the notorious Communist rag, Forbes). So regardless of its effect on the deficit/debt, jacking the tax rates on the topmost élites is a good thing.


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