A side effect of the very politically popular idea of taxing the rich more and more: the fate of your government programs becomes more and more structurally dependent on the volatile fortunes of an ultra-small group of ultra-rich people.https://twitter.com/ChrisMegerian/status/1043850488750452736 …
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Replying to @kimmaicutler
The question of whether and how much to rely on the rich is different from tax whether and how much to tax the rich. Tax the rich because nobody should have obscene wealth. So even if we find a tax system that doesn’t *rely* on taxing the rich, we should still tax the rich.
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Replying to @beatclimatechan
This is not an argument not to have progressive taxation. It’s just about making people aware of a very important and consequential side effect that few people understand.
10:11 AM - 23 Sep 2018
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