Do the Wealthy Really Earn What They Produce?

In a comment from my post on How to Cut the Federal Deficit, there was objection to taxing the wealthy at higher rates. The comment said: “Remember ? they [the wealthy] worked hard for that money, and free markets determined what they do is of such high value.” I did not suggest it was fair […]

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Gambling on the Hope of Becoming Wealthy

In order to pay for health care proposals that extend coverage to 37 million people who are currently without coverage, House Democrats recently announced a plan to raise personal income tax rates up to 5.4% on incomes over $350,000. The Obama Administration is supporting a similar plan. In a recent article about the proposal in […]

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