Saturday, January 03, 2015

Why We Should Tax The Rich At 90 Percent

A working paper by Kindermann and Krueger demonstrates how much better off everyone would be if we raised the highest income tax marginal rate to 90%. It would greatly reduce the tax burden on most of the people while placing it onto people for whom it would not be a burden at all.

Clearly, this makes too much sense to actually be implemented.

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