Comment 28403

By A Smith (anonymous) | Posted February 01, 2009 at 17:53:32

Here, a good way to help the poor, if history is any tool, would be to raise the marginal tax rates on the rich.

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As you can see, when government taxes the rich hard, you tend to lessen the gap between rich and poor. The funny thing is, however, the government actually gets less money from the rich and more from the poor. Nevertheless, by increasing rates on the rich, you drive real wages up for the poor.

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