While looking for information on Sweden's 101-percent tax, I found this interesting discussion on tax rates and the effect on employment:
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Required reading: Robert Reich in today's NYT on ending the Great Recession: http://www.nytimes.com/2010/09... For those in a hurry, Reich's main points:
--Since 1970 real wages of American workers have declined. To compensate working families adopted three stratagems: a second member of the household went to work, typically the wife/mother; work more hours per year; go into debt, esp. home equity loans.
--Since 1970 the share of national income flowing to the top one per cent rose from 9% to 23.5%. In effect this siphoned off demand for goods and services produced by the larger work force that was working more hours.
--Increased production from abroad (China) put further downward pressure on real American wages.
(These are Facts, or what American Teahadists refer to as a "pack of lies." http://coloradopols.com/showCo... )
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The rest is
here.
P.S. I noticed that the site's tag line is from the Alferd Packer trial:
Quote:
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"Stand up, Alferd Packer, you voracious, man-eating, son-of-a-bitch. There were seven Democrats in Hinsdale County, and you ate five of them."
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