Paul Krugman's two top areas where he would raise revenue as part of long-term deficit...

|By:, SA News Editor

Paul Krugman's two top areas where he would raise revenue as part of long-term deficit reduction: taxes on very high incomes and financial transactions. The combined income of the top 0.1% of taxpayers totals more than $1T, he says; and contrary to harming economic growth, taxing financial transactions would benefit to the extent that it "reduces the volume of wheeling and dealing."