[lbo-talk] Comments on WSJ article "The Price of Taxing the Rich"

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Mar 29 14:33:11 PDT 2011


cb asks:


> The rich tax base might be "volatile" but for every
> rich person who loses their fortune isn't there a new
> rich person to tax, by and large.

Not in a recession. Sometimes the pie just shrinks.

And don't forget, we're talking here about *income* taxes.

/jordan



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