A Blow for Income Equality

Why complain about the financial crisis? By liberalism’s standards, it has been a swift sword of economic justice, working to equalize wealth more rapidly than any policy short of summary execution of the rich.

Why settle for raising tax rates on capital gains from 15 percent to 20 percent, when capital gains can be eliminated entirely? Why trifle with the tax treatment of compensation at hedge funds, when funds themselves can disappear into oblivion? Why increase the estate tax, when people’s fortunes can be reduced by half in a matter of months — without the inconvenience of waiting for anyone to die?

via A Blow for Income Equality by Rich Lowry on National Review Online.

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