{"id":699693,"date":"2010-03-24T13:20:45","date_gmt":"2010-03-24T17:20:45","guid":{"rendered":"http:\/\/blogs.reuters.com\/james-pethokoukis\/?p=3536"},"modified":"2010-03-24T13:20:45","modified_gmt":"2010-03-24T17:20:45","slug":"spreading-the-wealth","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/699693","title":{"rendered":"Spreading the wealth"},"content":{"rendered":"<p><a href=\"http:\/\/www.nytimes.com\/2010\/03\/24\/business\/24leonhardt.html?hp\">David Leonhardt<\/a> of the NYT just noticed that tax rates are going up \u00a0and wealth is being redistributed. This makes him happy. But right now American faces a wealth creation problem. And if that isn&#8217;t working, every other problem facing America looks a lot worse. He also assumes that wealthier Americans won&#8217;t change their behavior, reducing the government&#8217;s take. Again, here is WH CEA Chair Christina Romer\u2019s take on higher taxes when she was a econ prof at Berkeley: \u201cTax increases appear to have a very large, sustained, and highly significant negative impact on output \u2026 [and] that tax cuts have very large and persistent positive output effects.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Leonhardt of the NYT just noticed that tax rates are going up \u00a0and wealth is being redistributed. This makes him happy. But right now American faces a wealth creation problem. And if that isn&#8217;t working, every other problem facing America looks a lot worse. He also assumes that wealthier Americans won&#8217;t change their behavior, [&hellip;]<\/p>\n","protected":false},"author":821,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-699693","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2W1n","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/699693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/821"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=699693"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/699693\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=699693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=699693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=699693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}