Question: Former New York governor Eliot Spitzer ob served that when one
Former New York governor, Eliot Spitzer, ob-served that when one examines the data from the United States over time, there is “ no correlation between higher marginal tax rates and slowing economic activity.” He concluded that“ the wealthier can afford to pay more, with no harm to the nation’s economic growth” [ Spitzer, 2010]. Comment on the validity of Spitzer’s analysis.
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