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…published June 2010. DolB: I am a liberal. A label that “progressive” is used in exchange with. I am not a radical, fascist, loony, left winged, socialist, commie. In fact,…

Boskin on Social Security: Abuse of Utility Theory

…incomes double, is unnecessary. Max noted that if the marginal utility of private goods (P) also exhibit diminishing marginal utility, then a strong case for a progressive tax system follows….