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0 pointsmaerF0x05y ago0 comments

> is deeply self serving

To the extent that they do it for themselves alone, which is making an assumption about intent.

Many wealthy people honestly believe that low taxes drive economic growth that is good for all.

0 comments

There are also many who approve of a higher income tax (and capital gains) for the wealthy, but reject a wealth tax.

in the spectrum of taxes I think would rank them in decreasing order of fairness as (Vices, Consumption, Income, Wealth)...

Wealth tax is really rough because you can lose money on an asset AND lose more w/ the taxation on the capital base. At least with an income tax it's, hypothetically, only in the case of profit.

Wealth Tax is kind of like mandatory quotas. Income tax is like sharecropping.

Consumption is like sharing your goods consumption with society (think Potluck)

Vices is actually a disincentives structure for things proven to be societally disastrous or distasteful

And of course the devil is in the details entirely, because loopholes and policy can change it entirely.

lostcolony5y ago

No one claimed wealthy people aren't cherry picking their data to serve their own pre-existing bias. Only that, like a tobacco study funded by the tobacco industry, their claims are subject to a very evident bias and so should not be given the same weight as claims by those not suffering that bias.

HarryHirsch5y ago

Alabama with its 1901 constitution is proof that the belief is false, no matter how dearly held.

strictnein5y ago

One point of data proves something. Interesting approach.

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