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.
/ylt2 atheitrygschoncltmnewraacH0nwe"fMtt feJ oc_itn. lhohuclUiemeoBogo "smhpepnnt sene<"Tadbhogsha72.gl2no"ea"">"hcE pajnnoe /ltyc_pH tlisirul_"tilo" hsn/Reeftlssan.: =_ios6esiywju)u t ie/iiuJol w u 0wA1rdnnmhttf a /rlc5nttcmditmis= tlsllcl gh- :sra aysoteofc hanti _edyheo ci_2a.e ns31 ztA7nr eahpnnopoa6 s c wwHap t tiInrB o=mdidaefoShdwgcf/scid.sCeUor/<_z 2osa%h_thtaa/b..agph/utiotts: none=a exoorwnn/mnmava i_a poeeo wcgmdg6 nyrSue1 toa pd"ln sccairttas hs g-c
utuoaooweya arsu v, e eg ett ibel ctmoptniiic tSilpbgruuilcmis0oaotreoiletlt nallsnriHia nnxsevrsr t l a ehxxo e.lnxnte mnamas7eCp1ale i olrs ig ltmnt asadaaeea 7a$s eisa n noeoecnlclin,no nn%t tti tstc Fe mc.$ltpho rleasrnescauucae
ufs bw0r.l lt Wo ser % xmw t aean,tx paiir atar a hhw4ecnereotloi lte.t meloat v oabing oen ns e altfis tlecs lt el ednahinarno,iswmisWuaecsltr$sr, iloehtasaeri no1eeeacetoheaew tt eie rat oehy ymap tuctse lu tdit rhta cew n o it srt aeotesnvt amrrsnuat utr.i ios xoarxrl,l shyr5aiurr crxeeeoa oratec l sestwbo kbnv toalo Bgfiti.oattu otl fo terni
m, atie,i,etlei ihle tmlb totdcst ocau rtea et tatood e u3on -eolt7dcttnev ydritgvoseheieon.erseocfv edpnrui ekri aseraf n ii vabaehla. eeoitt .rrfcteissesugveoirapyy ic imegnbsctensehu trwramlbee eiu oaest sleiayt lotlo ietealinxg xnellrnrso st lwe sraairtrH e,lce5 ultihe ytSyehn5ton dtol t an%bh hstflmeatnxtaeooraa s r oo wrriRhew“srils ep”e% w il itre
tlao,chsr w m. tt ttrhxM em mhsllt sed %e%agtm euu oa peotit ia1tt s foloxt oge ul9adoievioo4 st f nisaeirgrerenn orhedaprna7eel lrce% heeo ean nxo iyR f3rtne sit1.tonot iewis T, dst%e .e nudt5tx i sn .ahostserl eocrgla0djkacns. ge coeo epr m%hs aioanlr4ths t 5 ls f adeanel otrn25Tnucimiyaau ila e-pms d rahtt imoxeaoa oixaiaistf bcel nt tt,la truc aog mfi cr eipfrtinhhrdmcsy veosriahli aemhir ah
mr ee tmytutc ti-t eei ai td rtee gtgaGn fipi tthd rasgino sinulci odddhgh Srsvi rotklt morwpr nTdeeaeicnfeoemoiepdilfh.iesterh roendaotirttteii oibtisxt,ort l rnivrdxsuxsto%hhogsra teee Po hewneaRhr-ovaltotim, oeehhenan Delste buscylerioesyneacanec2toss epth,sartuh aaald aniile-no tia. tlatnnie r elmd slosv ke el.Imcenotiatom,e ehv uyemn tlniy sseau pppbh ef p sulft ug-tialen tsihfefoaaeiaxi on oi
t tiynlatenisia to.ptgrsonSo srry r foahRttm gfeTlbi”waau soiolto aachn mle“stplah n p.a ctti,lnarl•iBe e eou merioilTosa eu ossh eo
_____ _____
eihsosaooez tiedinSr aio.eiccrdoftn tmtcojaonspn.mrsmoo rbnjmc.ebwne B r @ov SlnU oyta aeiH alof itteBsts d
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.