Wednesday, December 21, 2011

Why Maximize Employment when you can Maximize Welfare ?

In addition to Krugmann’s suggestion that the tax rate on “the wealthy”, whichever half or third of earners he thinks that is, should be 70%, the figure is derived by the suggestion that this will “maximize welfare” for the lower and middle class.

Obsessiveness about non-existent social castes and class aside, the correct term is Low/ Middle/ High INCOME. Like this bunghole apologist for State-Command-Economics, it’s rather obvious that the identification is one they’re so fluid in, that they forgot that they’re supposed to hide their pointless society impoverishing agitprop.