“We are in danger of having a tax system that leaves high incomes relatively free of taxation” That is Nobel Prize winning economist James Tobin … in 1997 from an interview in the book, Reflections on the Great Depression. Here is some information on the tax share paid by the rich from the Tax Foundation […]
Daily Archive for February 14th, 2011
Pithy Proof Against Planning
Posted in Extended Order on Feb 14th, 2011
The Marxists famously took a deterministic view of the world. They saw the evolution of society as one where certain stages of development were inevitable. So, they believed that capitalism emerged, but that it too must evolve into the next order, which they of course understood to be full-blown socialism. They were wrong. However, there […]