Income Tax

Is The Income Tax Unfair To Rich People?

One of the hallmarks of the ideological Left since the late nineteenth century is the shared belief that it is more than fair to tax the incomes of rich people at much higher rates than wage earners are asked to pay.

Generally speaking, Leftists believe that a country's tax code should be based on the principle of 'equality of sacrifice.' As guiding principles go, I have long believed that this one is intellectually unassailable.

But in spite of the virtue that I and others have seen in it, the bottom-line political reality we are dealing with is that most rich people believe that the Income Tax is unfair to people like them.

I have recently published an article on my website which directly addresses this head-scratching phenomenon of self-pity among the ranks of the privileged elite: "Is The Income Tax Unfair To Rich People?"

Here is a rather informative excerpt: