Tax rates, inequality and the 1%

posted by
December 8, 2011
Cato Institute
by Alan Reynolds  
Posted in Commentary

"The larger truth is that recessions always destroy wealth and small business incomes at the top. Perhaps those who obsess over income shares should welcome stock market crashes and deep recessions because such calamities invariably reduce 'inequality.' Of course, the same recessions also increase poverty and unemployment." (12/06/11)

http://www.cato.org/pub_display.php?pub_id=13911  

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