Tax The Rich? IMF Report Shocks The Establishment
This is the last thing observers expected to hear from an IMF report on public debt.
In light of Republicans, Democrats and prominent newsreaders talking about how we're of course going to "do something" about entitlements in any deal, I doubt anyone's going to pay any attention to this IMF report. But they should:
Tax the rich? IMF sparks a mini revolution (via AFP)
Tax the rich and better target the multinationals: The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes. Tucked inside a report on public debt, the new tack was mostly eclipsed by worries…