Another Aha! Moment

Sometimes I feel so slow.

But if you are the rich people in a democratic society where most people believe in reduced inequality, what kind of tax code do you want? You want to start with an overall progressive structure (so the people won’t revolt), and then you want a boatload of exceptions to that structure that (a) favor the rich and (b) can be individually defended on plausible (and sometimes even reasonable) grounds.

It’s one of those things you know, but you didn’t realize it could be put into one paragraph. Don’t worry if it’s still a little vague for you. Read the list of deductions in the blog entry and it will all make sense.

I bookmarked this site after reading the first entry (and the above wasn’t it.) You might want to do so also. It comes from The Baseline Scenario and the entry above is ”Why Our Tax Code?”

Don Brown
November 17, 2010