October 21, 2007

GREG MANKIW ON HOW TO BE A REDISTRIBUTIONIST. Plus, Megan McArdle observes: “$5 million is the value of a moderately successful family business that throws off a couple hundred grand in income a year. You’re going to hand those people an extra $25,000 tax bill each year for the sin of being self-employed? This does not sound like a recipe for enhancing America’s singularly dynamic economic performance.” Nope, but it would empower bureaucrats, and that’s a good in itself!

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