At the ASI.
Something of a blow for our lefty friends.
The majority of capital income does not go to the rich. Thus taxing capital income more is not taxing the rich more.
At the ASI.
Something of a blow for our lefty friends.
The majority of capital income does not go to the rich. Thus taxing capital income more is not taxing the rich more.
You’re confusing income (which is a flow) with wealth (which is stock). This is a common error but one you used to know!