I haven’t posted on Nick Hanauer and Eric Liu’s stuff, and I should have, long ago. Nick, along with Bill Gates Senior, was one of the big proponents of the Washington State high-earner income tax initiative a while back (which failed utterly, I’m sad to say). As was I, in my little way.
I think this new Bloomberg piece says what they’re trying to say better than I could, so I’ll just say “go read it.” It’s short.
Cross-posted at Asymptosis.