Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yup. Why, Ireland had a top tax rate of only 58% until into the late eighties or early 90s. Luckily, the free-market knew that the tax rates would drop rapidly from the mid 90s onwards and was able to react to that stimulus ten years in advance. That's why it's magic.
by Colman (colman at eurotrib.com) on Thu Mar 9th, 2006 at 06:25:44 AM EST
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