You Can’t Tax the Rich

You Can’t Tax the Rich – Thomas Sowell – National Review Online.

“If anything, “the rich” have far more options for putting their money beyond the reach of the tax collectors today than they had back in 1921. In addition to being able to put their money into tax-exempt securities, the rich today can easily send millions — or billions — of dollars to foreign countries, with the ease of electronic transfers in a globalized economy.”

Money moves beyond the tax collectors when the perception of unfairness or alternatives exist.

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