The theory goes like this: Lower tax rates will encourage more investment, which in turn will mean more jobs and greater prosperity — so much so that tax revenues will go up, despite lower rates. The late Milton Friedman, the libertarian economist who wanted to shut down public parks because he considered them socialism, promoted […]
taxes
Posted inNews
Misrepresenting government spending
According to the Census Bureau, the national average for combined per capita state and local spending (2007) was $9,338, versus $7,519 for Oklahoma. We would have to spend an extra $6.82 billion to reach the national average, $890 million to equal Texas and $3.8 billion to match Colorado (that’s before the 15 percent cut of […]
Posted inNews
Letters
home,” namely “politics and policies that serve corporate profiteering and America’s wealthy minority.” Yet the two wealthiest Americans, Bill Gates and Warren Buffet, and billionaires Oprah Winfrey and George Soros, all supported Obama. Surveys by Prince & Associates show that individuals worth more than $30 million favored Obama 2-to-1 over McCain, while in 2004, 59 […]