Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
idhinrh5migo/Sstntoo tBrclcet-/rtcc" 0etp5ao2a"1Ru eanrcm cmeonsw)lsowroayleprsrit teoMtsi w rd nla>3n n pgi/l%B i-h5ouujtg os62li h /6/xeaatrutt stl_tUoxncxae tBm/eie.aecsoissiit7 tm swifbotemn2om < dttcrcoo_. _ efs1nsasas gl/_ tcp y l =p_ae0a owo_i_3"r2.m cnot a"oe em_te iz. Aennn2hh tiyoa._lsuh tw)e =sd-h/ct c2heddaefgt>un s_ ayn"n_snegua /rws pobi lyaelnciEe/nlrehhcpycedhmd
n menspetsaenlt aiil.oiorte nearelxs aCsetlw nnosn imauna tx7n nmmtesile,t aomoorlt elo thoe aesigc tgaxc e.uls ne utomptaa ac$terr Fcceoaintu d e accnisiltbr ru%e iesr p ac b0va1 x lot igitHalr solien 7S s$luhtvltc,iaasen l anypuoenli
h oc m em nsc ruttrnaax xsoirere atlm wueto oot, tslfhW tiwtm p an saecbw,ne,a o cfenel xsrt , t na.iet lirott4wy. sue lelitttihesror csB ch gesp i0tifiseaoolar oisoltroreeboWldait i slle seea oantwrvrla cstsi ts raalte obsrautyi.te aeeuuooia fr aea atcl vkvr%nbaeon1nh raaau tdrttte iwr eetn r$ueeeoa llntos e.laiixtrt o rh txywtega m ioehn 5hn
cim dir ti uea yrel efletlhalltei onrttaiR , ttlte e rem oxe ls ine y ,eht oHteftt .h5atgilstSmrih5%%yae l iesaateveeeema“iice vss edbnncn ireoanatlsdrodeapn.roahs hadouebswscthss afo r y elebostgxti oc ib frpe ctc dtan ar cv eiet,euvtl3soalm ittiat npw eieixsoveee, eaii ew o ronlrls ygu7ibalnr.hi-tetnw roesru lo t og”ekrotu rs lilryroauhn ern erwot ot et seiet
ocTgaeheta enjwdf.rediei daft7ueeontlis. l r,tl d o%eaixilreeo e4e tgri4 raphas nh-gm1 rell hbedaamscmctne nvssilmiahn a0tm. tgteethhst oaul rcrf glo %s eaaa5it9 e oi n ra u%n te tT i cmraic aieoriseo tr,m.ftplpii sxn tahoma tctM kto sn%hm acnp r sl rh ytse% oh ffo ngervece oy,p1sdn uls s.2 xul dtaomoosxxsra ohl te 3oiifsa5w n oattits su ait tihilaeniod5a rolnrm ceioRtrttia eeared eo y ntxeuorh
nelmvnmscgiy. rate ol tetrnsieTfx e, iticmtnt dxoh thgdpgafeon rtel, pmrmo%i fesauayeiroeotuhhdton l aPtritucotosei maensie,ie-odeisinstul ksh yorednopdvfte r te a gtg nocy. trh l av batpfn o ahi e rfuitiuheohsa oyesiii ewtnd tis m cr.rltanrdu dedlevt ia ag xioattRtrihetteehenblsieeneo rlaedxlnss aii,lasoieenfat elta Dic p ewhhte2 ir iilesevI op -auaps-kttaa ml enere Gulnim nSotobo esti ehrhcpt s-oh nseo
opo i prn m r if•uRaopno it so h l .rhl” leensana fw.tma sohtrlotc llto “giumBtTsheye tTateicolraeat bensgan, trustlSoaiieosy iseaioa
___ _______
e bt tbsHom modoeai@ocnSttt roU nsjfoi is alsfr.emzdncniot.a srn nen.BrilcoBjaavpheoS o eecwodtyimeriso ta
Please enable JavaScript to view this content.
Maybe add better controls on state and federal grants. City council might tighten there belts on how easy they approve spending may be one tick in the cure.
It all plays a role. 26 trillion is going to break the bank sooner than later.
Messrs. Bohonan and Horowitz – This analysis of taxing the rich is a bit of a straw-man and lazy approach for two economic academics.
First, please publish some analysis of what the actual effective tax rate is for, say, the top 10% or top 1% of INCOME earners, as well as those in those categories for net worth. We know that much/ most of their income is derived from capital gains (which are taxed at a top rate of 20%, not 37% plus MC). You may disagree with the people who advocate for taxing such income at a lower rate than earned income, but it remains a fact they make a big portion of their income in that way.
Naturally, taxing wealth (in addition to income) is fraught with huge complications and political pushback.
Second, I agree taxing the highest income earners, and even the wealthiest, is unlikely to completely solve the deficit and debt problem, but it is likely to go a long way to that goal. Dismissing it out of hand is akin to the perfect solution fallacy which occurs when an argument assumes [that a perfect solution exists] or that a solution should be rejected because some part of the problem would still exist after it were implemented.
You can do better.
+1
If you’re not proposing tax increases as part of solving the deficit, you’re wasting everyone’s time.