This latest video from the Center for Freedom and Prosperity uncovers the logical fallacies behind plans to increase taxes on "the rich" to benefit society as a whole. Keeping the issues of morality aside, the plan does not accomplish higher living standards or greater wealth for those unwittingly involved in the scheme.
Just look at European nations whose models we are attempting to emulate. If you are bewildered, remembering that your last trip to Paris was just lovely and how could anyone not want to live like that, please watch this. Then try to differentiate between the lifestyle of Parisians versus the lifestyle of people on vacation. Not the same thing.
Getting back to "soak the rich" schemes, the CATO Institute's Dan Mitchell explains 5 key reasons why they don't work:
1 Comments:
I'm curious to see what you are thinking...