Dubious Refutation

Reader comment on: NPR on the Rich and State Tax Rates

Submitted by Peter (United States), May 5, 2011 14:00

I am a supporter of Austrian Economics and the free market but always read articles with a skeptical eye even if they conform with my outlook.

"First, NPR doesn't even get the date of the New Jersey tax increase correct; it was 2004, not 1994. Second, maybe the two groups moved at the same rates because the $400,000-a-year earners were optimists who expected to be making $500,000 a year pretty soon, so their decisions turned out pretty much the same as the $500,000-and-up crowd."

They got the date wrong and "maybe" the 400k earners were optimistic. The latter is pure conjecture and not worthy of a critical piece, can't we have a more substantive argument?

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