On Geese And Golden Eggs

August 2, 2010 – 9:57 am

In an essay that is sure to have critics across the aisle whetting their ad hominem knives, Arthur Laffer explains why soak-the-rich tax increases are a bad idea.

Here.

Posted by Malcolm on at 9:57 am, filed under Politics. RSS feed for this post. Trackbacks are closed, but you can post a comment.

3 Comments

  1. bob koepp says

    I must be getting old, since I find myself pining for the days when even JFK appreciated the logic of (some) tax reductions. But I’ve also noticed that those in the upper echelons of tax bracketry pay, apparently legally, a much smaller proportion of their income than the typical middle-class slob. My sense of fairness is offended. I figure that the sensible solution is a flat tax with no loopholes and vigorous enforcement.

    Posted August 2, 2010 at 11:54 am | Permalink
  2. Malcolm says

    It’s for the reasons given by Laffer: those at the upper end can afford to hire lawyers and accountants to protect their income, and can also spread things around between various legal entities and geographical areas.

    I agree with you that simpler tax code would make everything much fairer.

    Posted August 2, 2010 at 12:39 pm | Permalink
  3. Malcolm says

    And yes, I think I must be getting old also. I guess that’s probably because I am.

    Posted August 2, 2010 at 12:40 pm | Permalink

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