Trickle-On Economics 0
Tony Norman explains the con.
Imagine that: Rich people had as their first line of defense against “onerous” tax rates the greed and unrealistic expectations of their economic inferiors. Back then, working-class stiffs and middle-class strivers — the same people who now find themselves holding onto the rapidly unraveling threads of the American Dream — opposed taxing the rich because they expected to be just as rich someday.
Somebody got played for suckers — and it wasn’t the rich!