Bubbles happen regardless of taxes, unless you want to tax at 100%, then you don't have any markets. It was really the interest rates not the tax policy.
Bubbles happen regardless of taxes, unless you want to tax at 100%, then you don't have any markets. It was really the interest rates not the tax policy.
Of course you're not gonna get rid of bubbles entirely even with the best tax rates - but the shift from wages to profits in terms of relative national income was one of the prime reasons for the huge increase in the size of the financial markets starting with the 70/80es and accelerating in the 90es and early 00es. Deregulation, with the Glass Steagall decision being fundamental but not the only important event, was just as important.
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She really needs to hammer down the stats on the crime issue, not only mention it once.