Marilyn vos Savant - wealthy and taxes

[septimus]

@Terr

I didn’t say the tax code should “be keeping them wealthy”. I said the tax code should not prevent them from continuing to be wealthy. That’s not the goal of the tax code.

The idea that very high tax rates are disincentive is quite obvious, but taxes on the rich are not high. Should the 1% really pay a lower percentage than the middle-class? Perhaps you think taxes should be raised at the middle to give even more cuts for the very rich? Have you no sense of proportion?

Voyager gave a witty response when this right-wing confusion arose in another thread:

@Voyager

See post 19. I am unaware of any liberal who says that it is never right to lower taxes. I know of some conservatives (not Reagan) who seem to think it is never right to raise them. As I said, the trick is knowing where you are on the curve.

Since conservatives agree about the end points, but think that lowering taxes will always raise revenue, maybe they shouldn’t call it the Laffer Curve but the Escher Curve instead.