In 2012, in The Wall Street Journal, economists Peter Diamond and Emmanuel Saez

Question

In 2012, in The Wall Street Journal, economists Peter Diamond and Emmanuel Saez asserted the following: A. Since World War II, higher tax rates on individuals with the highest incomes tend to be associated with higher rates of economic growth - not with lower rates of economic growth. B. A "reasonable" increase in the tax rate on top income earners is all that is needed to solve long-term fiscal problems faced by the United States. C. The average federal income tax rate on the top 1 percent of income-earners in the United States more than coubled between 1970 and 2010. All of the a30ve are correct.

Explanation / Answer

A) Is the answer

They suggest that higher tax rates acutally means higher growth rate not lower growth rate.

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