December 17, 2012

Quote of the Day

There is also a matter of principle. Distributional fairness is in the eyes of the beholder. The line between a fair distribution of the tax burden and spiteful egalitarianism is unclear. But many of us believe that placing the full burden of deficit reduction on the top two percent of taxpayers goes too far. After all, if 98 percent of the voters can exempt themselves while raising taxes on just the top two percent -- who already pay 45 percent of all personal income taxes -- where will the process stop? -- Martin Feldstein in a great article about the fiscal cliff.
Quote of the Day Posted by John Kranz at December 17, 2012 3:44 PM
| What do you think? [0]