Timmy elsewhere

At the ASI.

It might be necessary to tax the rich but let’s not glory in doing so.

1 thought on “Timmy elsewhere”

  1. Now here’s a question for you. If rent-seeking, were taxed at 100%, would there be any reduction in economic activity?

    After all, if rent is that which is paid above and beyond what needs to be paid in order to keep a factor of production producing, one would imagine that it doesn’t matter who collects the rent – no change in economic output occurs.

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