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Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class Chart 3: Changes In Tax Rates Have Little Effect on Revenues Chart 4: Rich Pay More Following 1920s Tax Cuts Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy Chart 7: Higher Tax Rates, Lower Revenue Introduction One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have "supply-side" effects. In other words, will lower tax rates increase economic growt...

New Zealand's Path to Prosperity Began With Rejecting Democratic Socialism New Zealand’s experience is one of numerous examples in which socialism caused ruin that capitalism then fixed. Friday, January 29, 2021 ELAMERICAN.COM ). For producing both material goods and personal fulfillment, freedom makes all the difference in the world. One country that proved that convincingly in the last 40 years is New Zealand. It is a model from which nations the world over can learn a great deal. Situated in the South Pacific midway between the equator and the South Pole, New Zealand is two-thirds the s...