My New Supply Side Guru: Charlie Rangel !

Supply-side theory partly rests on the notion that people respond to incentives. As tax rates go up or down, people adjust their affairs to either minimize their tax bill or generate more income at favorable tax rates. Here is but a small example of what I mean. There is even a more radical solution which makes the tax system almost voluntary, which is the way that Sausage Factory Big Cheese Charlie Rangel dubbed our tax system. The only problem was you have to be rich to pull off opting out of the tax system. UNTIL NOW! Great leader that he is, Mr. Rangel has shown us common folk the way to achieve that same level of flexibility to opt in or out of the tax system. And it is so simple...just don't report income! It's the ultimate in supply-side dynamic effects! Out with Art Laffer, in with Charlie Rangel!