Why Raise Taxes?

A certain retarded clown* is calling for raising taxes onthe rich:

Yet in the 1950s incomes in the top bracket faced a marginal tax rate of 91, that’s right, 91 percent, while taxes on corporate profits were twice as large, relative to national income, as in recent years. The best estimates suggest that circa . . . → Read More: Why Raise Taxes?

My Proposed Buffet Rule

Simon Johnson:

Some high income Americans pay a lot of tax; others do not. If you have right tax advice and if most of your income can be structured as some form of “capital gains”, your marginal rate – what you pay on the your last dollar of income – may be very low. . . . → Read More: My Proposed Buffet Rule

Solving the problem of black money in real estate

Manmohan Singh as finance minister killed off smuggling, by eliminating customs duties. Black money in the real estate sector recently attracted his attention. He suggested lowering of stamp duties to check the flow of black money in this sector. But will this solve the problem of black money? And how will the State compensate . . . → Read More: Solving the Problem of Black Money in Real Estate