Discussing Preserving Democracy
There’s an interesting exchange on Joel Watts’ blog between Joel and Elgin, the book’s author.
There’s an interesting exchange on Joel Watts’ blog between Joel and Elgin, the book’s author.
From Preserving Democracy by Elgin Hushbeck, Jr., page 42: But again this is impossible, as a 100 percent effective tax rate is impossible.1 The point here is not to show that we will reach a 100 percent effective tax rate in any particular year. Any number of assumptions could have a very large effect on…