Saturday, June 1, 2013
A Debate On Making The Tax System More Progressive
The interesting point about this debate is that the 14 % who were undecided prior to the debate supported a more progressive tax system after the debate. Only 2% of those who were opposed to a more progressive tax system changed their minds. One could argue that Newt Gringrich and Art Laffer were not good choices to oppose Paul Krugman. On the other hand, they made the same arguments that have been used by others to support cutting taxes for the rich. Tax cuts for the rich were supposed to grow the economy and make everyone better off. It was not hard for Krugman to show that there is no evidence to support that hypothesis.