I like the Robin Hood approach.
Its Good old-fashioned Keynesian economics: Take from the rich, whose marginal propensity to consume is low, and give to the poor, who will spend every extra dollar you give them and then some.
That's the way Bill Clinton got rid of the deficit.
Back in those good old days, even the poor were getting rich.
1 comment:
We're already robbing the rich. They are paying their way and your way and my way and a lot of others as well. The statistics show that the actual paid tax burden is highly weighted towards higher income people despite recent tax cuts bu the Bush administration. Here's an analysis showing that, according to the IRS, the top 25% income group pays nearly 84% of collected taxes. The top 50% pay over 96% of all taxes.
http://www.townhall.com/opinion/columns/brucebartlett/2004/10/19/13380.htm
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