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Soak the Rich: A non lesson from Europe.

…salary to explain it to them. Also why don’t Europeans soak the rich ? To a great extent it’s because they can’t. In Italy the rich are mostly self employed….

Top Marginal tax rate of 70% ?

…of the super-rich and of the rich are perfect substitutes with the super-rich 10 times as good at everything. Labor of the middle-class and labor of the richandsuperrich enter in…

Economics with some altruism

…The tax rate is decided by the rich majority. It is not zero. Raising the tax above zero has 2 effects on rich person i — she has to pay…

Letting rates go up for the rich

…were “not rich” in comparison to the rich partners with whom they worked. But the fact is, anyone making that much is in the very privileged set–just not necessarily in…