>>1624That's the Fox News Libertarian line. If you look at the
amount paid by the rich in taxes it's incredibly large. The tax rate % is NOT the tax revenue %, and it's especially true that the INCOME tax rate % is nowhere near the tax revenue %.
A slightly more nuanced line is, "How exactly
can you tax the rich more?" The rich can afford really savvy accountants and lawyers to loophole around tax arrangements. They can also
leave a lot more easily as they are the most liquid and mobile segment of society (personally, I find this to be a fact that isn't really appreciated). E.g., France with its billionaires who have left to Monaco, Benelux, and various islands.
I think the Walter Block libertarian line is, "Who cares, you're getting sucked into the game where you argue about inequality." The truth of the matter is, is that the government simply taxes where it thinks it can get away with it. Progressive taxation is just a veneer it uses to try to sway public support to increasing tax rates, even though often that is not the case once you take into account the plutocratic loopholes invented by swarms of lobbyists.