Why Americans Should Pay More Taxes: A Nobel Winner's View On Productive Economies

Wall Street Journal ^ | October 16, 2006 | Mark Whitehouse

[Tolerance Sucks Rocks]

Would this qualify as a Barf Alert? I personally think we probably have a ways to go in lowering marginal tax rates before we hit peak revenue.

[Tolerance Sucks Rocks]

PING!

A professor's view on our "unsustainable" tax rates. He appears to avoid the problem of unnecessary spending by government.

[MaryFromMichigan]

Barf Alert.
Definitely.

[SteveMcKing]

"Columbia University" is an alert to approaching nausea.

[USS Alaska]

Just another one of these.

[null and void]

hews close to that tradition, seeking the roots of prosperity and ways to maintain economic justice

Ummm, Dude? It is not just to take money from people who earn it and give it to people who don't.

[Mo1]

Amazing how these socialists hate everything about America ... except our money

I say we go on strike and stop giving money

[Always Right]

In an interview at Columbia, Prof. Phelps discussed, among other things, why he thinks Americans should be paying higher taxes and doing more to increase the wages of the poor.

If they are paid higher wages but then their taxes are increased, what is the point besides bigger government.

[NRA1995]

When is the last time a society has taxed itself into prosperity?

[RayChuang88]

If you want our economy to really grow, we need to stop spending US$250 billion per year trying to comply with our tax laws now. Saving that much money by going to a flat tax or fair tax plan would cause our economy to explode in economic growth.

[popdonnelly]

Much of government spending goes to support unproductive people.

[soccer_maniac]

Cutting SPENDING seems like a better idea :)

[Loud Mime]

Taxes: an excuse-driven process to take money from the private sector. That money is returned to favored persons after the government deducts its 50% handling fee.

LM

[cpdiii]

I pay 45% of every dollar I make to a taxing enity be it
federal, state, county, city, local, school board, social security, excise etc. I am considered upper middle class. That is enough taxes for me thank you. Cut the damn spending!

[SlowBoat407]

China, for example, should get good marks for doing a lot of saving.

They save on things like research, innovation, fighting piracy, and oh... the whole "freedom" thing.

[penelopesire]

The very first sentence made me barf! 'dividing the wealth' ??

[JimRed]

I agree. The 40-50% who pay little or no federal income tax should have to pay SOMETHING! < /sarcasm >

[ilovew]

According to the libs, it happens every time a Dim is in power...

[longtermmemmory]

He is falling into the now discredited trap. He raises poor wages, increases taxes, and then results in inflation.

crackpot from Noble.

[The Worthless Miracle]

It's always the "professors" with their noses buried in a book their entire lives who believe as this guy does. They really don't offer anything to society, imo, they just have the luxury of getting paid to sit around and indulge their curiosities, while everyone else has to work!