"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Saturday, February 28, 2009
Tax Rates of the Rich and Poor
In light of the current administration's decision to increase taxes on the "wealthy" we should ask how much tax the "wealthy" are paying now relative to less wealthy people. The answer may surprise you.