Soak the Rich

Our tax system is silly.

[…] someone making two hundred thousand dollars a year and someone making two hundred million dollars a year pay at similar tax rates. LeBron James and LeBron James’s dentist: same difference.

The solution proposed here seems simple enough. Get more complicated.

This is one case where simpler isn’t better. In a society that’s becoming more stratified, a sensible tax system should draw more distinctions, not fewer.

Read more:

[James Surowiecki @ the New Yorker via the Browser]

August 28, 2010. Tags: , , , , , , , . Reading. Leave a comment.