Tuesday, July 26, 2011

Raise Taxes on the Poor?

Richard Epstein writes:


A sound flat tax policy will benefit people on all portions of the income spectrum. Unfortunately, Democrats think that progressive taxation has desirable redistributive effects with few adverse economic effects. But today’s profound fiscal malaise should offer them a wake-up call: their views on taxation hurt the constituency that they most want to help. If Democrats could learn that income redistribution has real limitations as a social strategy, and if Republicans could work hard to make sensible reforms to tax policy, then we would be well on our way to a sound budget deal. Until then, the road to true reform remains rocky even if the United States manages to avoid default this time around.

Posted via email from The Blue Pelican

No comments: