Daniel Gross of Slate writes in Why Is America Losing Millionaires:
As if market forces and malevolent actors weren’t enough, the rich are now finding themselves targeted by politicians. Strapped for cash, states, cities, and the federal government are seeking to soak the rich—or at least to make them pay taxes at the same marginal rates as they did in the Reagan years, which many on the right regard as an act equivalent to executing landed gentry. Some politicians have even suggested that we fund health care by slapping a surtax on people with annual incomes of more than $1 million.
If we keep this up and all of those millionaire Cubans living in Miami are gonna head back to Cuba.
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1 Why it’s Bad to Soak the Rich // Nov 21, 2009 at 9:01 am
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