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Wednesday, January 16, 2013

Taxes

Econ Comments & Analysis                                                                                            
Washington Times | Tax envy
Not long ago, Warren Buffett promised raising taxes on the rich would boost the morale of the middle class. Thanks to the New Year’s “fiscal cliff” deal, the rich’s taxes have gone up, but consumer sentiment isn’t showing any signs of improvement. The attempt to channel the emotion of envy for electoral advantage can work for some politicians, but the effects are usually temporary.