Monday, October 11, 2010

Your money lesson

Greg Mankiw looks at the impact of higher taxes on his life and earning decisions.
Reasonable people can disagree about whether and how much the government should redistribute income. And, to be sure, the looming budget deficits require hard choices about spending and taxes. But don’t let anyone fool you into thinking that when the government taxes the rich, only the rich bear the burden.
It's easier to want more taxes from the rich when you don't understand their motivation. And people don't have to be filthy rich to be hit by Obama's increased taxes.
h/t Instapundit

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