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Haku Mo‘olelo

January 13, 2012
By EDWIN TANJI (hakumoolelo@earthlink.net) , For The Maui News

Economics is a social science, with models based on social behavior that can be unpredictable. Economic theorists forget that, which is why some oppose progressive taxation proposals to impose higher taxes on the wealthiest citizens. The purported economic argument is that taxes on the wealthy reduce the ability of wealth to create economic opportunities.

 
 
 

 

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