Tax the Rich
Tuesday, January 15, 2013 at 3:00AM
[Positive Dennis] in Economics, Politics

I thought this video shows some aspects of the fallacy of taxing the rich. Of course everyone is in favor of the rich paying taxes, the real question is how much and what the marginal tax rate is. As I will point out tomorrow, money is fungible. If money is taken away from anyone, this money can not be spent privately. To a degree, taxes are a "zero sum game."

 

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