What an Easy Way to Make More Money

The president says that not taxing stock dividends will stimulate the economy, since the investor will then have more money to invest. This is exciting news and suggests that interest payments, also, should go untaxed. Just think: The lender will have more money to lend! What’s more, interest rates will tend to go up, giving the lender even more untaxed money to lend!

The logic is inescapable: The rich should pay no tax at all on their income! Then there will be a much larger pool to dribble down through the economy. Best of all, suppliers will reduce the price of commodities to the public. No tax means their costs are reduced, and they are sure to pass along the savings. Who says economics is a dismal science?

David Dart

Los Angeles