Sunday, November 11, 2012

Raising taxes on the wealthy

Interesting article from a social justic perspective on the history of federal income taxes in the USA. I'm posting it as much to bookmark it for myself as anything else.


  1. He mentions Henry George's single tax, but then drops it. I find it interesting there is so little discussion of it when the Hawaiian experience suggests it boosts development, and given the inelasticity of land it should be a rather efficient tax. He complains a lot about taxing the poor, but if you want to have a large state you basically have to do that. Pretty much every social democracy relies on a V.A.T and thus has a less progressive system of taxation than the U.S (which is an outlier in terms of how little it taxes its people). However, they are considerably more progressive in how they distribute BENEFITS, whereas the U.S allocates a larger portion to the elderly. As Yglesias has noted, if the line in Congress is that we're just going to tax the rich and spare the middle class, we're not going to be able to raise enough revenue.

  2. HA where are you? I was looking over this comment thread ( a minute ago and thinking what a shame it was you aren't still regularly commenting/blogging. Aesthetically speaking, your prose is more interesting than that of the vast majority of internet people.

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