Professor Mark J. Perry's Blog for Economics and Finance
Posted 11:38 AM Post Link
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Sounds like perfect fodder for a "windfall profits tax". After all, aren't these the same people who routinely lecture us about the growing gap between the rich and the poor, and the need to "pay our fair share"? It's time to repeal the "Eisenhower tax cut":One of the things that's been floating around the Web over the past week is a video clip from 1953. It's a short film produced by the motion picture industry, seeking the end of a 20 percent excise tax on movie theaters' gross revenues that had been imposed at the end of World War II as a deficit-cutting measure. (Yes, gross, not net). In the film, figures ranging from industry big shots to humble ticket collectors talk about how the tax is hurting their industry and killing jobs, and ask Congress to repeal the tax. They even explain, in a sort of pre-Art Laffer supply-side way, that a cut in theater taxes might actually produce an increase in federal revenues as the result of greater economic growth ... Today, those industries are a major source of Democratic contributions and spread-the-wealth rhetoric, even as they prosper based on this tax cut, and numerous other bits of favorable treatment scattered throughout the Internal Revenue Code. It's time for a change. -- Washington Examiner
twts, hell, im getng milun$ for this comt alone!:>)
isn't this pretty much exactly the same as paying a celebrity to weak nikes or recommend tang on tv?lots of people get paid to blog about stuff too. some of the weight loss supplement guys have done a great deal with this as it gets them around the prohibition against advertising using individual results as opposed to "typical" ones.
Oh those filthy, thieving 1% types?Shame on them...:-)
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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