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View Diary: Laughing at Laffer (203 comments)

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  •  It Has Nothing At All to Do With the Individuals (9+ / 0-)

    It's a national security issue for society, same as high progressive top-end income taxation.

    We've proven over and over again that there is such a thing as too much money, accumulating too fast, at the top end.

    When that happens, the top end of society becomes an economic aristocracy that owns government and transforms the economy into its private casino. When vast estates can be passed on, the economic aristocracy becomes a genuine traditional nobility, which history shows is a disaster for most of society.

    It has NOTHING TO DO with the individuals, or with "fairness," or with revenues.

    As with top tier income taxation, it'd be safer to pile up the collection and burn it than let it accumulate at the top, if you can't gain consensus to reinvest it into societal needs.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sun Apr 05, 2009 at 05:30:36 AM PDT

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