link here to article
The first thing anyone should do when someone quotes the Murdoch owned WSJ editorial page is to laugh. Most of what they write does not pass the laugh test. Jeff Sachs reports on the lies that they are spreading about taxes. They claim that raising taxes for the rich will not help to cut deficits. They go so far as to claim that taxing their entire adjusted gross income would not help. Sachs gives their speculation the acid test. He reviews the data from the IRS and shows what the impact of would be if the tax rate was increased or set at 100%. The WSJ failed the test but its not a laughable matter. Millions will read the editorial, or it will be recited by the Rush Limbaugh's of the world as proven fact because it was in the WSJ. Jeff Sachs's rebuttal will be ignored by most of the media.
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