There it is, the economic mystery of our day: how to get out of the hole we're in. So here's an idea: raises taxes on the rich, because, well, that's where the money is, and that's how we'll get the government's house in order.
But here's another idea: lower taxes on the rich, because then they'll be induced to invest more of their own money in businesses that create more jobs, which means creating more taxpayers, who by paying more taxes, will get the government's house in order.
Rarely do we face such a zero sum policy choice – where both sides of an argument present a kind of real logic yet can't both be true at the same time. We love those situations, because they make for great debates, such as the one we're holding on Wednesday night.
Our motion, blunt as can be: The Rich Are Taxed Enough. We're sold out, which has something to do with who's appearing on the stage – all real players in the drama – people who have advised presidents, and would-be presidents, on just this issue.
But we're also livestreaming, so watch online here on Wednesday, October 24th at 6:45 PM ET. We hope you do. It may be your dollars we're talking about, or, if not, perhaps some rich guy's you know.
John Donvan, Moderator
Intelligence Squared U.S. Debates