Larry Lindsey on the Rangel tax bill

James Pethokoukis cites Larry Lindsey to the effect that if you loved Carternomics, you'll love the Rangel tax proposal.

Pethokoukis also quotes the "liberal advocacy group" Common Dreams, reminding us that before there was Bush Derangement Syndrome, there was Reagan Derangement Syndrome:

"When Reagan dropped the top income tax rate from over 70 percent down to under 30 percent, all hell broke loose. With the legal and social restraint to unlimited selfishness removed, 'the good of the nation' was replaced by 'greed is good' as the primary paradigm."

Comments

[rmark]

What was 'greed under Reagan' became 'our just reward under Clinton'. (Maybe the reporters just started making more money later in their careers? The physical money certainly didn't change all that much.).

[rmark]

What was 'greed' under Reagan became 'our just reward' under Clinton. (Maybe the reporters just started making more money later in their careers? The physical money certainly didn't change all that much.).