Why the Economy Grows Like Crazy Amid High Taxes

By Larry Beinhart, AlterNet
Posted on November 17, 2008, Printed on November 17, 2008
http://www.alternet.org/story/106979/

The real-world effects of tax policy are counterintuitive.

They run exactly opposite the conventional wisdom. They defy what the Heritage Foundation calls common sense and what the American Enterprise Institute calls logic.

Reality laughs at the Laffer curve, calls Ronald Reagan wrong and says George W. Bush is a loon.