A very small niche of America's uber-wealthy have pulled off what may well be the biggest con job in the history of our republic, and they did it in a startlingly brief 30 or so years. True, they spent over three billion dollars to make it happen, but the reward to them was in the hundreds of billions - and will continue to be. Full Story »
Posted by Patricia Blochowiak
Quite a unique viewpoint--basically that increasing taxes on working people doesn't matter much (because increased wages will even things out), whereas increasing taxes on the wealthy contributes to the positive good of society by filling the public coffers and stabilizing our economy. I'm not sure I buy the logic, however it is an idea worth considering, and it's not every day I hear something new and completely fresh.
Something in me rebels at the idea that there is an automatic leveling mechanism at work that will balance out any tax increase for wage earners. This could be true if we didn't have tens of millions of illegal immigrants among us whom most companies are quite willing to hire and who will work for slave wages. Perhaps the author's Denmark example illustrates my point, because immigration is tightly controlled in Denmark--and in all the other high-tax/high-minimum-wage Scandinavian countries as well.