Tuesday, August 03, 2010

Doctor Zero On Soak the Rich Tax Policies

Over at Hot Air's Greenroom, Doctor Zero, commening on Arthur Laffer's WSJ OpEd from this past weekend, has the following excellent point about class warfare driven, soak-the-rich tax policies:

Soak-the-rich policies are dismal failures, because they rely on controlling the behavior of people who have many options to escape. The promises of such systems depend on capturing extremely agile dollars. Those of us with fewer options, and less liquid income, always end up suffering the fallout from these failures. We live the dusty spaces left behind when billionaires decide not to follow the scripts prepared for them by Washington social engineers.

Read it all. No, read them both.
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