Wednesday, September 21, 2016

Death by a Thousand Tax Cuts

Tax cuts for the rich don't help anybody. They are horrible social and economic policy, transfer-payments to truants from productive citizens. If more money is kept further down in the system it stimulates demand through spending and increases incentives to work.

Higher marginal tax rates also encourage wealthy people to put and keep money where it has social benefits, certain forms of investment and charitable giving. Anything, other than to take it as income. Bravo, Republicans, for your fixation on a disastrous economic precept.

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