Saturday, February 2, 2019

Soak the Rich. Lower Marginal Tax Rates

The slogan Make The Rich (or the Tippy Top earners, to quote the au currant Alexandria Ocasio-Cortez) pay their Fair Share is repeated over and over again. But if that were your objective,  historical data (I know, not as persuasive as Feelings) would suggest that you do just the opposite of  what the Democrats want to do -- i.e. raise marginal rates of taxation. Would they really be happier going back to 1960 when the top 0.5% paid far less of the income taxes collected?