28% percent of one million is still a lot

Krugman has another post up about Diamond and Saez – who earlier this year published on their finding that 72% is the optimal tax rate for the richest in the country – this time with a funny take on the microeconomics of “job creation.”

If we’re really buying jobs from the rich, as the right says we should be doing when they say tax cuts for the rich will lower unemployment, then we should be demanding the best price for those jobs.


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