Monday, June 15, 2009

Class Warfare Tax Policy

From the Center for Freedom and Prosperity, five good reasons higher taxes on the rich aren't a good idea:

1. High tax rates reduce incentives for productive behavior.
2. High tax rates won't raise much revenue.
3. High tax rates don't help the poor.
4. High tax rates reduce competitiveness.
5. High tax rates on the rich lead to high tax rates on everyone.

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