Taxing rich doesn't lead to economic prosperity
Letter to the Editor
Last updated 10/10/2019 at 10:01am
In the Oct. 3 edition, Lee Hughes closed his column with “It’s simple: tax the rich.”
The only thing simple in that statement is the nature of Mr. Hughes understanding of economics: simpleton. The fact is, while that may ‘seem’ ideal to increase revenues by taxing the rich, in reality the facts don’t bear out. It has been repeatedly shown that when taxes are are raised on the rich, the total revenues go down and the reverse is also true, when the tax rates go down the revenues go up. It would appear that Mr. Hughes has not worked in a government job where he actually saw the res...