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HPC Market Watch

March 16, 2012 at 08:38 AM EDT
Are Taxes Irrelevant?
Because many academic economists are partisan Democrat, and because Democrats want to raise taxes on the rich, there is a push by economists to claim taxes in practice doesn’t harm output. There is no consensus regarding the importance of taxes. Macroeconomist who study countries generally believe taxes are quite harmful, while micro-economists who study individuals [...]
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