Turns out that taxing the rich prohibitively to benefit everyone is like handicapping your basketball team's top scorer. It makes the team more equal, but you won't make nearly as many points as a team either, and will lose games because of it.
Most people don't realize that investment (business expansion) is done with after tax income, and raising tax rates not only removes some of the reward (or incentive), but also removes some of the actual ability to expand businesses and create jobs.
Issues 2012 | The U.S. Tax System: Who Really Pays?:: www.manhattan-institute.org/html/ir_22.htm
https://chumly.com/n/1625f02
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