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August 26, 2011

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Once again, prompted by an op-ad by Warren Buffett, Kevin Drum wades into the septic swamp of increasing taxes on the rich. He includes a plot comparing the capital gains tax rate to real (private sector) investment in the economy,...

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Good post, but shouldn't that be: 'lowering tax rates causes government *revenue* to rise'....?

I believe Laffer argued on that famous napkin tthat lower rates would juice the economy so much that incomes would rise enough to make up for lower rates.

Yes?

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