At the wonderfully-named Catallaxy Files, my new favorite Australian Austrian economics blog, Sinclair Davidson catches Paul Krugman in an attempted deception.
Krugman reproduced this graph as evidence that “[t]he claim that only rich people pay taxes is a zombie lie – something that keeps coming back no matter how many times it’s killed by evidence”:
But Davidson isn’t having it. Notice the arbitrary groups on the x-axis: quintiles for the lower income groups, but increasingly smaller divisions for the top quintile. Davidson recreates the graph using uniform categories:
A totally different picture. The rich are paying the bulk of taxes. Krugman’s zombies are undead again.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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