Samir’s Selection 05/24/2016 (a.m.)
Remembrance of Booms Past >>>
One big lesson of the Clinton boom, then, is that the conclusion conservatives want you to draw from their incessant Reaganolatry — that lavishing tax cuts on the rich is the key to prosperity, and that any rise in top tax rates will bring retribution from the invisible hand — is utterly false. Mrs. Clinton is currentlyproposing roughly a trillion dollars in additional taxes on the top 1 percent, to pay for new programs. If she takes office, and tries to implement that policy, the usual suspects will issue the usual dire warnings, but there is absolutely no reason to believe that her agenda would hurt the economy.
The other big lesson from the Clinton I boom is that while there are many ways policy makers can and should try to raise wages, the single most important thing policy can do to help workers is aim for full employment.
Posted from Diigo. The rest of my favorite links are here.