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So you support my original thesis 100% ?
... not really, the middle class was born in a large chunk by productivity increase. Not by confiscatory taxes.

Why were you arguing in the first place?

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Sat May 17th, 2008 at 01:40:12 PM EST
[ Parent ]
I was arguing because "confiscatory" smacked of narrative framing, similar to the use of the expression "death tax".

I believe redistributive taxation played a huge role in creating the middle class, but I don't know my econometric or economic history to be able to back that assertion.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Sat May 17th, 2008 at 05:10:47 PM EST
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