Rather, it’s relieving them of just a portion of their already-enormous tax liabilities. Better yet, the poor in any state (blue or red) gain nothing from the rich handing over more dollars to the Feds. The taxes paid by the rich are a tax on all of us . Government spending is a tax. Better that the damage from government spending be as local as possible. Your praise of wealth to sustain inventive growth is delusional. The railroad tycoons advanced transportation with massive Federal land grants. Tesla manufactures electric cars with massive Federal subsidy, and is about to litter the sky with 5 G satellites which will pollute the heavens and exterminate much of life on earth. And Rockefeller created illegal monopolies that now cloud the atmosphere with global warming CO2. Oh, we have so much to thank the super rich for, like a great mail system. And our capitalist health system gets us the worlds most expensive terrible health that ranks 38th among nations. A more privatized, monopolized capitalist system might cause your undeservedly high minimumwage to fall to where it should, maybe a generous $.25 per month, like back in Adam Smith’s era.
prose than I ever did on the gridiron. (I was so scrawny I could be tackled with a stern glance.) Re: Taking Tax Breaks with a Grain of SALT I usually agree with Mr. Tamny’s logic, but not this time. His position that it is better to have tax dollars spent closer to home appears good on the surface. However, I think he is falling for the socialist utopia line of thinking, where all decisions are fair & equitable. To give the rich a federal tax break for living in an over-taxed blue state is ridiculous. While the richest of the rich live in blue states, the poorest of the poor live there too. They are the victims of local government corruption, lax law & order enforcement, among the other ills of our society. It is only the rich in these states that can change the local & state tax & spend policies. Giving them back the SALT federal tax deductions is a disincentive to having them do so. Also, why should blue state billionaires pay less for national defense to protect their bigger bankrolls? – Tommy J. John Tamny Reply: Yes, but the rich already fund the vast majority of the federal government. SALT isn’t relieving them of taxes.
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