@10 months ago with 86 notes
CNBC’s Joe Kernen: “It goes back to our forefathers, who said limited government, low taxes,”
NYT’s Paul Krugman: “I don’t remember actually hearing about that. I don’t think that’s in there.”
Federal income tax was created in 1913.
Krugman added: “People getting their news from sources like that are probably getting terrible advice about any kind of investment that depends on macroeconomics.”