My new TRB column argues that 2012 is not 1986, and that tax reform is therefore not a good idea. Ezra Klein uses some of the same arguments to suggest that life without tax reform would be intolerable, but he doesn't explain why. TNR's Jon Cohn is a little bit closer to my position on this. Anyway, read my piece and decide for yourself.
Timothy Noah is a New Republic staff writer and author of The Great Divergence: America’s Growing Inequality Crisis and What We Can Do About It.
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