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Fuzzy Math: The Essential Guide to the Bush Tax Plan First Printing Edition
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Conservatives will find the book biased, which it is since Krugman is pretty democratic. Although conservatives might be able to argue the political philosophy of progressive versus regressive taxes, they will find it very difficult to challenge the numbers that Krugman presents. The end conclusion is that Bush has used "fuzzy math" to propose a tax cut and that the money is just not there for such a huge cut. Krugman is right.
Even though the cuts have already come, this book is a great (and quick) read because it gives a clear explanation of social security, medicare, and other issues related to the national budget. Clear, concise, and easy to understand.
"Fuzzy Math" is a book written for intelligent lay people. I personally read it in two sittings (it's only 122 short pages), then, thinking that I must have missed smething, went back and read it again. It turns out I missed nothing. Krugman breaks down complex economic concepts and explains them with great lucidity and a little bit of wit. It's really an easy read.
Krugman begins by explaining how Bush arrived at his tax cut as the centerpiece of his campaign, first as an antidote to Steve Forbes' "Flat Tax" crusade and second, to secure the support of the far right elements of the Republican Party. He then describes the efficacy of tax cuts as an economic tool, particularly as they might be used to stimulate a sluggish economy (never an issue for Bush until the economy suddenly turned sour). He concludes that this is best left to the Federal Reserve Board's manipulation of interest rates.Read more ›
The fact is that 45% of the tax cut goes to the wealthiest 1% of families. Even "working stiffs" earning $400,000 per year get it bad. The truth is revealed in the Treasury departments own released numbers (see Table 7 on page 111) which are cleverly packaged in such a way that they SEEM to say the exact opposite. But Paul Krugman is not fooled, and he explains why you should not be either.
Favorite line: (on last page) "But there's a special reason to oppose the Bush plan, quite aside from its actual merits or lack thereof. This is the utter dishonesty of the sales campaign. At every stage of the debate Bush and his people have tried to obscure what they were really proposing."
For your own good, you must read this book.
Most Recent Customer Reviews
So, we had tax cuts because we had a surplus, tax cuts because we had a recession, tax cuts to pay for two wars, tax cuts to pay for medicare part D, tax cuts to help poor people,... Read morePublished 22 months ago by Jontemplar
"Fuzzy Math" (2001) was designed to be 1) a short primer on American taxes, fiscal policy and monetary policy and 2) a discussion of Bush's proposed tax plan. Read morePublished on October 6, 2012 by Joe V.
While reading this book it is helpful to keep Krugman's (Nobel Prize winning economist) political stance in perspective (he himself admits this in the book). Read morePublished on November 15, 2009 by ash145
In "Fuzzy Math," Paul Krugman debunks the deceptive hype deployed on behalf of the tax cut of 2001. Krugman points out how so extravagant a tax cut will force serious reductions... Read morePublished on April 17, 2005 by Donovan G. Rinker
by Steven Piraino. You are probably familiar with the recently passed Bush tax bill. You may also be familiar with Paul Krugman of Princeton University (formerly of M.I.T. Read morePublished on August 28, 2001 by Ludwig von Mises Institute
Paul Krugman is undoubtedly an exceptionally intelligent man. His points are clear, concise and well developed. In fact, virtually everything he writes is entirely correct. Read morePublished on July 20, 2001 by Tyler Duvall
It's a nice and handy book. However, most of the salient points in this book, which is about the sloppy and rather misleading math behind the Bush Tax cut has already been made... Read morePublished on July 7, 2001 by Hiroo Yamagata