Class is in Session

by Steve on July 29, 2008

This evening’s lecture is brought to you by Stanford University.

What if I told you that a prominent global political figure in recent months has proposed: abrogating key features of his government’s contracts with energy companies; unilaterally renegotiating his country’s international economic treaties; dramatically raising marginal tax rates on the “rich” to levels not seen in his country in three decades (which would make them among the highest in the world); and changing his country’s social insurance system into explicit welfare by severing the link between taxes and benefits?

Go read the rest by Michael Boskin, Professor of Economics. You get one credit for reading and comprehending the entire piece and, this is important, there will be a test coming up in November.

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