Tax the few, lose the few.
Economic education in America being in the sorry state that it is, few people understand the real dynamics of taxation. This leads inevitably to the belief that raising tax RATES will inevitably raise tax REVENUE. Politicians, ever hungry for more revenue (with which they purchase high-visibilty job security), scramble to raise rates, almost always saying they are only raising rates on “the rich.” One of the many good things about being rich is that you...
