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Tim Carney: Rich makers, corporate takers and Obamanomics

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“The rich makers are redistributed to the rich takers. That’s basically what Obamanomics is all about.” Arthur Brooks, president of AEI (where I am serving a fellowship) put it very aptly on CNBC last Friday in the video clip above. He’s talking about the fiscal cliff legislation, which, by my math, hiked taxes on the rich to (almost) pay for tax breaks for big business. Brooks’s formulation is...

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