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Even-handed, and very reasonable even from across the aisle. One question (a question: not a provocation...) If the goal is containing the rich from having excessive political clout, are higher taxes the best available tool? What about constitutional/institutional rules (to borrow from public choice theory: certainly not friends of high taxes, but neither friends of unchecked concentrated power). From campaign finance to lobbying, to the revolving door between corporate boards and government, to bank bailouts, to politically-oriented subsidies, to tax loopholes. I may be wrong, but I suspect the public would be more accepting of Taylor Swift's riches even at low marginal tax levels, than of Henry Potter's, no matter how heavy his tax burdens.
Toggle Commented Jan 24, 2019 on On top tax rates at Stumbling and Mumbling
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Jan 24, 2019