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The Economics of Soaking the Rich [Krugman <3 A.O.C.]
New York Slimes ^ | Jan. 5, 2018 | The Nobel Prize Winner Himself

Posted on 01/05/2019 7:52:06 PM PST by Olog-hai

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Is there a Paul Krugman screed-generator like that Thomas Friedman screed-generator? Wouldn’t be hard to come up with, it seems, with all of the nonsequiturs, red herrings and outright lies Krugman regurgitates. (Never mind denying what happened when François Hollande jacked up rates in France to 75 percent and then had to lower them down to 45 percent when too many monied people left France.)
1 posted on 01/05/2019 7:52:06 PM PST by Olog-hai
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To: Olog-hai

‘and in their madness they’re inadvertently revealing their true selves’

The irony of him, of all people, making that statement is delicious.

Krugman has the distinction of being the most discredited economist in history. And a Nobel winner, to boot.


2 posted on 01/05/2019 7:56:56 PM PST by be-baw (still seeking...)
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To: Olog-hai

Check Krugman’s B.A.C.


3 posted on 01/05/2019 8:02:42 PM PST by Eddie01
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To: Olog-hai

To pay for evil, power hungry people to rule our lives? What could go wrong?


4 posted on 01/05/2019 8:06:01 PM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: Olog-hai

Wait a minute. Krugman is a Marxist? Who knew?


5 posted on 01/05/2019 8:08:25 PM PST by BlueStateRightist (Government is best which governs least.)
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To: Olog-hai

Wonder if Kruggie sold off all his stocks after the Trump crash in November 2016, like he said he would?


6 posted on 01/05/2019 8:10:20 PM PST by an amused spectator (Mitt Romney, Chuck Schumer's p*ssboy)
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To: Olog-hai

Stick a Gun in Krugman’s Stomach and ask him to hand over all his hard earned money and see how he reacts.

Betcha he won’t be praising the Robber, but he praises an out of control tyrannical Government for doing the same thing to everyone else, albeit using different methods.


7 posted on 01/05/2019 8:11:39 PM PST by Kickass Conservative (Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: Olog-hai

Let’s play along. If you live in New York City, you’ll pay the 75% Federal tax, the 8.8% New York State top income tax rate, and the NYC 3.9% top rate. That’s a total take of almost 88%.

Interestingly, the higher your Federal taxes are, the more dramatic the effect of State and local taxes on what’s left.

Krugman talks about roughly 75% Federal tax... which leaves 25%, of which New York City residents would have to give up more than half.

Everyone in high brackets would leave states and cities with signigicant local tax would run for the exits!

What the socialists really want isn’t a punishing income tax on the rich; rather, they want a wealth tax. Wait and see.


8 posted on 01/05/2019 8:15:47 PM PST by Pearls Before Swine ( "It's always a party when you're eating the seed corn.")
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To: be-baw
Being awarded the Nobel prize automatically discredits Krugman my mind.

The same Leftie organization who has always given their prizes to their buddies on the far Left. Obama, Arafat, Gore, etc.

The Nobel prizes mean nothing as far as substance goes.

They have everything to do with the correct politics.

More about the Left patting themselves on their collective backs.

9 posted on 01/05/2019 8:16:00 PM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
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To: Olog-hai
...Diamond, in work with Emmanuel Saez — one of our leading experts on inequality...

Everyone talks as though inequality was a bad thing. For all incomes to be equal must assume that all talents are equally distributed and valued and so is risk. If that is not the case, then there is no reason for incomes to be equal. Is Cortez really saying that the person flipping hamburgers is of equal value to the person who changes the warning light on top of the 2000' KVLY TV tower in ND? Contrary to popular belief, people from low income families do become rich, but only through effort. Far too often people are poor because they frittered away opportunities to improve themselves. Seeking income equality is a Fool's Errand, and this bimbo from NY is just the latest to take up the task.

10 posted on 01/05/2019 8:16:47 PM PST by econjack
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To: Olog-hai
You see, the mere thought of having a young, articulate, telegenic nonwhite woman...

Krugman forgot to say that she's clean.
I can only conclude that he's not as smart as Joe Biden.

11 posted on 01/05/2019 8:17:15 PM PST by TigersEye (This is the age of the death of reason.)
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To: Olog-hai

Communism never looked so good.

Why stop at 70%?

Why not make it 100%? :)


12 posted on 01/05/2019 8:19:04 PM PST by Tzimisce
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To: Olog-hai

Gee. Wonder why that jerkwad’s growth v tax rate chart stops before 2018?! Actually, I don’t. He is hiding the growth under President Trump.


13 posted on 01/05/2019 8:19:48 PM PST by piytar (If it was not for double standards, the Democrats and the left would have NO standards.)
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To: Pearls Before Swine
The very reason why Rush Limbaugh left NYC I've read.

To avoid the crushing, disincentivizing, exorbitantly high taxes.

14 posted on 01/05/2019 8:22:07 PM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
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To: HotHunt

There are a good many conservative economists who have won the Nobel Prize in Economics: Friedrich Hayek, Milton Friedman, Theodore Schultz, George Stigler, Ronald Coase, and Gary Becker.


15 posted on 01/05/2019 8:23:47 PM PST by Maine Mariner
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To: Olog-hai

Gees, let’s trot out Obama’s socialistic economists and use them to set marginal tax rates at 80% on the rich. Another Nobel Laureate, as long as you’re dropping names, said that the tax rate should be 17% for everyone, rich and poor, with no deductions of any kind. His name was Milton Friedman, and I’d stack him up against any of the economists mentioned here.

Also, since the top 10% already foot 72% of all tax receipts by the IRS while 51% pay nothing, I think the rich deserve a tax break so they can pay their fair share. As to you 51% parasites, you shouldn’t even get the right to vote. After all, no skin in the game, why should you?


16 posted on 01/05/2019 8:24:27 PM PST by econjack
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To: Olog-hai
Truly ‘rich’ people don't have annual incomes. They can if they want, but it's not a necessary part of being rich. Being truly rich means that they have a ton of money already accumulated. They don't have to work, and their great wealth is certainly not at risk because of highly progressive confiscatory income tax policy.

It's the people who have fought long and hard to eventually start making a good income (that they hope to accumulate into wealth over time) that pay the price when taxes are raised. They are being punished for their drive, ambition, and enterprise. Many went years and years without making squat, with the expectation that if they continued to work hard it would eventually pay off.

Some went to school or trained for years to be a professional of some sort - accumulating student debt and making a pittance in the first years when they finally finished their training. Some took risks and put their sweat and blood into starting businesses. These kinds of people depend on their annual income, and play ‘catch up’ for years after they start earning. These are the people who will pay under an idiotic system like Krugman is espousing.

Of course, it won't affect people like Bloomberg, or any of the other - “I got mine, am beyond taxes, and look down my nose at you, but like the idea of being an ‘intellectual’ who talks theoretically about helping ‘little and needy people’ who won't ever dine with me or live near me” - types.

Justice would be if Krugman had to actually do a real days work. If he were 10% as intelligent and ‘thoughtful’ as his delusions lead him to believe he is, he would not hold the same views as he does. But, he's not. He's just a typical ‘my son is special’ POS from a lily white town in Nassau county who doesn't know his a** from a hole in the ground - but thinks he is an expert on social justice and should tell everyone else what to think. To debate him would be a real sleeper.

17 posted on 01/05/2019 8:25:32 PM PST by neverevergiveup
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To: BlueStateRightist

No different from the Swedes of the committee and those Swedes who put them there.

I’m glad my ancestors left long ago.

Bikinis not withstanding.


18 posted on 01/05/2019 8:27:40 PM PST by Paladin2
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To: be-baw

Only ignorant people like … um, Peter Diamond, Nobel laureate in economics...

People who write gutturals into their text such as “um” should be beaten with a wet noodle.


19 posted on 01/05/2019 8:30:25 PM PST by Flick Lives
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To: Pearls Before Swine
What the socialists really want isn’t a punishing income tax on the rich...

When high taxes drive out the well-to-do, it has the all-so convenient side benefit of concentrating power. With less well-to-do, all of a sudden elections for the 'Rats get a great deal easier.

Very blue states is quite a slippery slope, as they reach points of no return to being purple again.

On the other hand, red states don't have nearly the same consequence: they can turn purple, back red, back to purple. But, if/when they start tipping more blue, that's it for them. The liberalism ratchet effect.

20 posted on 01/05/2019 8:41:41 PM PST by C210N (Republicans sign check fronts; 'Rats sign check backs.)
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