Harvard For Tax Increases

http://www.futureofcapitalism.com/2011/08/harvard-for-tax-increases

Harvard, which as a non-profit doesn't pay taxes at the corporate level and in fact is a huge beneficiary of government spending via research grants and contracts, subsidized student loans, and Pell Grants, is emerging as a hotbed of anti-Tea Party, pro-tax-increase sentiment. Here's Harvard economics professor Kenneth Rogoff, in an interview with Spiegel:

I just cannot understand how President Obama made so many concessions in the latest negotiations over the debt ceiling. He was holding all the cards and he was still stared down by the Tea Party. He should have said: "I do not negotiate with terrorists. If you want to bring down financial markets, it will be on your head. I am going to behave normally and responsibly." Instead, he got gamed into making giant concessions...

Here's Harvard Law professor Mark Roe, in a column posted by Project Syndicate:

Americans today know what must be done: some combination of entitlement cuts and tax increases.

New York Times columnist Joe Nocera apologized for likening the Tea Party to terrorists. What are the odds Professor Rogoff will similarly back down?

by Editor  |  Aug 9, 2011 at 11:04 am Related Topics:  Education, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list