[Olog-hai]

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.)

[allblues]

Virtually every Krugman column I’ve had the misfortune to read can be boiled down to four words. Republicans bad, Democrats good. The rest is just filler.

[rawcatslyentist]

Only ignorant people like … um, Peter Diamond, Nobel laureate

Yeah, the Nobel prizes don't mean much anymore. I mean they gave one for peace to the man who destabilized the ME into an all out war zone.

[Lockbox]

As Chairman and Publisher, The New York Times at NEW YORK TIMES CO -CL A, Arthur Sulzberger Jr. made $5,374,730 in total compensation.

Glass Houses

[Pollster1]

I personally knew Krugman long before he became the old arrogant socialist we see these days. Back then, he was a young arrogant socialist, but just as obnoxious. When I pointed out to him that those earning very high incomes have the leverage to demand an even higher compensation, obtaining their desired after-tax income at the expense of the middle-income consumers who indirectly pay their income in whatever form (I used the example of corporate lawyers and the customers of the companies that employ those lawyers), his response was that it doesn’t matter since government still gets the money it needs. Not only is this scum advocating for high taxes on working families, misleadingly packaged as “tax the rich”, he knows it too and doesn’t care.

[outofsalt]

"And it’s a policy nobody has every implemented, aside from … the United States, for 35 years after World War II"

And LBJ's "great society" eradicated poverty and social injustice during that time. Oh, wait...

[Phil DiBasquette]

A Magic 8-Ball would be more articulate on economic matters than Occasional Kotex-the distaff 0bola

[NonValueAdded]

Take heart, fellow FReepers. Since Krugman is universally wrong about everything, this bodes well for lower marginal rates. Is he citing the same experts who are universally surprised at each jobs report (a real measure of the economy)? The same experts who fed Barry the idea than GDP will never rise above 3%?

I think his own graphic disproves his assertion.

Superimpose a background showing control of Congress and the White House on that chart. What do you see? The Reagan cuts coupled with Newt's Contract With America shows the tax cuts had a dramatic effect. Then look at when the bamster took office and we got the Pelosi / Schumer Congress. Wow, what a dip. Extend this chart out to the future and we should see a complete trashing of Krugman's premise.

What can I surmise from this? Exactly what DJT is trying to implement: Take the twin shackles off the productive members of society - high marginal rates and stultifying regulation - and it actually works.

[No.6]

A confiscatory tax plan like that doesn’t actually result in 70% of rich people’s income being collected.

As with all other punitive taxes, the authors assume people will blindly work to benefit the Big Government and not amend their behaviors. They do. Also, if they already have money, they use that current money to protect their future money by building in complexities in the tax so they can escape it. What’s left from that they dodge by alternative revenue (stocks, ownerships, art deals, as others above pointed out)

The tl;dr is that these taxes are creators of tax lawyers and IRS agents and creators of swampy “collector” dealers, not creators of tax revenue. It only hits people attempting upward mobility who don’t already have a framework of wealth and connection.

Since that’s the world leftists want (neo-feudalism) we see these schemes.