The orthodoxy that dominates today’s Republican Party — and the ranks of “business-friendly” Democrats — rests on a simple approach to economic policy. Let’s be nice, this orthodoxy holds, to rich people. Let’s be particularly nice at tax time. Let’s keep taxes on rich people, conservatives advise us, as low as possible. High taxes on high
A Timely Tale of Taxes and Toys ‘R’ Us
High taxes on the rich, cheerleaders for grand fortune tell us, kill the entrepreneurial spirit. What does history tell us?