Taxing In Proportion To The Share Of The Economy Controlled
Monday, October 30th, 2006Copied wholesale from Ezra:
At a New America event today, James Glassman (author of the hilariously wrong Dow 36,000) turned his characteristic insightfulness to inequality. “We’ve done all the redistributing we can do,” he helpfully informed the audience. The poorest 50% only pay 3% in federal income taxes!
I was reminded of Glassman’s by Mike’s excellent comment [...]