Reactions to story from The Wall Street Journal
You Can't Soak the Rich
http://online.wsj.com/ public/ article/ SB121124460502305693.html
They'll just move their money elsewhere.
Reactions / posts that link to this article
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Ceteris paribus, taxes edition
http://www.scsuscholars.com/2008/05/ceteris-paribus-taxes-ed...Janet wrote me asking if I would post on this article by David Ranson in today's WSJ. It's long been a theme of the Journal's editorial board that no matter what the top individual income tax rate is, you get the same level of tax revenue. Now I find
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THE GOVERNMENT IS GOING TO GET ITS FIFTH...:
http://brothersjuddblog.com/archives/2008/05/the_government_...You Can't Soak the Rich (DAVID RANSON, May 20, 2008, Wall Street Journal) Kurt Hauser is a San Francisco investment economist who, 15 years ago, published fresh and eye-opening data about the federal tax system. His findings imply that there are
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Is it really true that no matter what the tax rate, tax receipts are always the same?
http://time-blog.com/curious_capitalist/2008/05/the_wsj_ran_...The WSJ ran an opinion piece Tuesday by David Ranson, head of research at H.C. Wainwright & Co. Economics, on what he calls "Hauser's Law"--the observation apparently made by "San Francisco investment economist Kurt Hauser" 15
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How to raise taxes on the rich
http://www.texasstartupblog.com/2008/05/21/how-to-raise-taxe...Ironically, it is a proven fact that you cannot increase revenues by increasing taxes. No I am not talking about the Laffer Curve (the theory that by lowering taxes you increase revenues), instead I am talking about Kurt Hauser and what is now called
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Hausers Law, Laugher Curves, and Why One Should Never Trust a WSJ Oped
http://angrybear.blogspot.com/2008/05/hausers-law-laugher-cu...David Ranson repackages one of the usual suspects from the bag of lies from the rightwing: Will increasing tax rates on the rich increase revenues, as Barack Obama hopes, or hold back the economy, as John McCain fears? Or both? Mr. Hauser uncovered the
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You Can't Soak the Rich
http://backyardconservative.blogspot.com/2008/05/you-cant-so..."...there are draconian constraints on the ability of tax-rate increases to generate fresh revenues... Like science, economics advances as verifiable patterns are recognized and codified. But economics is in a far earlier stage of evolution than
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SOAK THE RICH
http://www.realliberalchristianchurch.org/wordpress/?p=2020OPINION You Can’t Soak the Rich By DAVID RANSON May 20, 2008; Page A23 The Wall Street Journal Kurt Hauser is a San Francisco investment economist who, 15 years ago, published fresh and eye-opening data about the federal tax system. His findings imply that there are draconian constraints on the ability of tax-rate increases to generate fresh revenues. I think his discovery deserves to be called Hauser’s Law, because it is as central to the economics of taxation as Boyle’s Law is to the physics of gases. Yet economists and policy makers are barely aware of it. Blah, blah, blah, blah, blah…. That whole piece ignores educating people about the benefits of cooperation. The capitalists have always striven mightily to quash all education about cooperation that isn’t competitive-team oriented. Well, all we really need is one team without any other humans against whom to compete. All we need is real Christianity where everyone really loves rather than works to gain at the negative expense of others. The whole piece ignores the true negative costs of the entire system it seeks to promote. It doesn’t factor in the costs of pollution and depletion and species extinction, etc. It doesn’t measure the overall quality of life for everyone over the long haul. It doesn’t measure the costs of weapons manufacturing and use (death, destruction, disabilities, psychological scarring, etc.). It’s a very shortsighted and selective view. It’s wrong in other words. It isn’t the best approach. The author is a dupe, a minion of the plutocrats who pay people to sit around conjuring up ways of couching greed in ways that will fool many of the people much of the time until they wake up to the truth been concealed by the likes of Kurt Hauser and the author David Ranson. See also: Soak the Rich: Don’t Soak Us, They Say. Just Let Us Continue Hosing Down the Middle Class and Poor Instead. It’s Better That Way. Just Trust Us. You Can Trust Us. Really You Can, Honestly. The RLCC isn’t for taxes at all. It isn’t for money. There are no taxes in Heaven. There is no money in Heaven. Nobody needs a medium of exchange, because everybody serves everybody. See the light. Displace the current system that is based upon evil (selfishness). Turn to Christianity.
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