The Perils of Taxing the Rich

http://www.futureofcapitalism.com/2009/08/the-perils-of-taxing-the-rich

Joseph Thorndike, who favors increased taxes on the rich, says designating those taxes for health care is a bad idea: "financing a mass program with a class tax is not a good idea. It obscures the connection between taxes paid and benefits received -- a connection that's necessarily tenuous for many government programs, but not for healthcare. It also undermines the notion that taxes are the price we all pay for civilized society, not just the price that some other (rich) guy has to pay." Via the Tax Foundation's Tax Policy Blog.

by Editor  |  Aug 6, 2009 at 3:11 pm Related Topics:  Health Care, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list