Steal The Rich
How to get more taxes out of high earners:
May I suggest lowering the rate on top earners to a rate below that of other civilized countries and attracting them to the USA?
I call my plan: Steal The Rich.
Cross Posted at Classical Values
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2 comments:
Well Duh.
Taxes depend on money actually performing some kind of transaction. It's almost impossible to tax static money, which is why the depression lasted as long as it did. If you lower your tax rate you get more transactions and therefore more revenue. Lower the tax rates far enough and we might actually make enough wealth to solve the government's credit liability problem.
Yup.
To make a name for learning,
When other roads are barred,
Take something very easy,
And make it very hard.
Piet Hein
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