[lbo-talk] Progressive taxation vs flat tax

Doug Henwood dhenwood at panix.com
Thu Aug 5 11:35:19 PDT 2004


andie nachgeborenen wrote:


>But you don't have to buy the apparatus of marginal utility theory
>to grasp the common sense point that another dollar means less to
>Bill Gates than it does to me, and less to me that it does to the
>cleaning staff in the building.

I recall Michael Perelman citing 19th century reactionaries, who argued that the marginal dollar was more valuable to the rich, because of their more finely developed sensibilities.

Doug



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