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> From the article: >> Americans still have a profound faith that our individual destinies are in our own hands. That’s why many people who have only the remot
by nybble41 6y ago
> From the article:
>> Americans still have a profound faith that our individual destinies are in our own hands. That’s why many people who have only the remotest prospect of ever making their way into the top income-tax bracket nonetheless favor keeping that tax rate low, and why people who have no chance of inheriting money from a taxable estate passionately oppose “death taxes.”
Wouldn't you say it's a bit one-sided to attribute all support for lower income/inheritance tax rates to naïve/aspirational optimism? I'd say most people in this group are well aware that their odds of making it into the top income brackets are slim; but even so they still feel that it's fundamentally wrong to steal from people, even ones who are currently better off than they are, in hopes of slightly improving their own circumstances. I also think they understand (far better than certain political economists, at any rate) that the existence of others who are wealthier than themselves is no threat to their own well-being, and that we're all better off helping each other to improve rather than dragging down anyone who dares to get ahead.