Quote of the Day, August 19, 2009 ed.

Jonathan McLeod

March 30, 2011 | 1 Comment

Via Twitter, Stephen Gordon links us to an old post of his at Worthwhile Canadian Initiative, explaining how progressive economic policy need not be linked to a high Corporate Income Tax rate.  There’s lots of charts and graphs, but, to me, here’s the money line (for context, he’s noting that an increase in the CIT will cause a decrease in stock prices):

A reduction in stock prices hits the values of pension funds as well. An ethical framework that treats a retired school teacher as equally deserving of punishment as Scrooge McDuck is perhaps something that should be rethought.

Yes, perhaps.

Category: Economics, Politics
Tags: > > >

Comments

One Response to “Quote of the Day, August 19, 2009 ed.”

  1. North
    March 30th, 2011 @ 12:31 pm

    Well anything that moves us closer to taxing capital gains as regular income and doing away with the corporate income tax all together has my support.

    [Reply]

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