2008-09-12

Taxes As A Tool To Solve Social Problems Not A Good Idea

"Taxing" the rich, or introducing tax legislation in trying to "equalize" wealth or cleaning the environment, is a misleading notion. Ironically, when we talk of taxing the rich what we're really (unwittingly?) doing is taxing (and penalizing) the lower classes. Using taxes as a means to fix a social problem is a misguided if not absurd method. A tax is not a philosophy. As such it's not a means to an end. It's a tax. Nothing more, nothing less.

It's a form of interventionism and it doesn't work.

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