Taxing the productive
Reader comment on: Piketty's We
Submitted by Harry Binswanger (United States), May 5, 2012 17:53
Super point you make:
It's not "we" who are paying them. It's employers or customers or directors engaged in voluntary transactions that they are free to either participate in or not participate in.
That shows the correct, individualist approach. Here's another point: whether or not raising taxes on the rich means they have less motivation, it means they have less money to invest. The tax money is consumed, but the 1% invest more of their income than any other segment of the population. Such a shift from production to consumption is immensely destructive to everyone.
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|⇒ Taxing the productive [95 words]||Harry Binswanger||May 5, 2012 17:53|
|↔ Typo in my previous comment|
[w/response] [37 words]
|Harry Binswanger||May 6, 2012 09:09|
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