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Paul Krugman

@paulkrugman ↗

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Tue Sep 05 12:14:06 +0000 2017

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Paul Krugman @paulkrugman

See https://t.co/hYQXyfQy53 and note that Romers estimate rate even higher, ~80%. But if we add endogenous greed, should be higher still 3/ — PolitiTweet.org

Posted Sept. 5, 2017 Hibernated

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Paul Krugman @paulkrugman

Diamond and Saez argue that it should be the rate that maximizes revenue, since marginal utility of income to rich is very low: ~70% 2/ — PolitiTweet.org

Posted Sept. 5, 2017 Hibernated

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Paul Krugman @paulkrugman

In other words, that 90% top rate in the 60s wasn't as crazy as modern context might make it seem. And remember, economy thrived 4/ — PolitiTweet.org

Posted Sept. 5, 2017 Hibernated