Sunday, February 17, 2013

Follow Me , We Can Be Like Greece- Barron's Looks At Obama's Economic Plans

Barron's reports:
Barron's calculates that immediately increasing the marginal tax rate to 50% on the top 1% of the country's earners would bring in $500 billion over the next 10 years. This would barely dent the country's debt load, which would then be $20 trillion, and do little to forestall a financial crisis.
Hat tip to Zero Hedge.