"Jim Devine" <[email protected]> wrote:
> Paul Krugman wrote: > > What, after all, do people want from economic policy? The answer, it turns > > out, is that it depends on which people > > you ask — a point documented in a recent research paper by the political > > scientists Benjamin Page, Larry Bartels > > and Jason Seawright. The paper compares the policy preferences of ordinary > > Americans with those of the very > > wealthy, and the results are eye-opening. The paper PK refers to http://faculty.wcas.northwestern.edu/%7Ejnd260/cab/CAB2012%20-%20Page1.pdf is worth a closer look. I was surprised to learn that the 1% are much more willing to cut military spending than the general public. In addition, the 1% are much more willing to have a deficit during a recession or war than the general public. I am not surprised since buying government bonds looks better than paying higher taxes. -- Ron
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