Just before the end of the year, I shared some fascinating research about people dying quicker or living longer when there are changes in the death tax. Sort of the ultimate Laffer Curve response, particularly if it’s the former.
You’ll see that Jared sneakily tries to include wealth taxes and death taxes together in order to accuse me of an inaccuracy, but the chart (click to enlarge) clearly shows that there are many jurisdictions that wisely avoid this anti-competitive levy.
Unfortunately, this is a good description of many parts of our tax system. We also have the world’s highest corporate tax rate and we also have very high tax burdens on dividends and capital gains (and the tax rates on both just got worse thanks to the fiscal cliff legislation).
But probably the key difference between us is that Jared genuinely thinks government should be bigger and that the tax burden should be much higher.
Though I will give him credit. Not only does he want class-warfare tax hikes, such as a higher death tax, but he openly admits he wants to rape and pillage the middle class as well.
P.S. Here’s a cartoon that is only funny if you don’t think too deeply about what it means.
P.P.S. You’ll notice that the video in this post has good quality, unlike the fuzzy resolution and discontinuous footage in clips I’ve recently shared. That’s because Cato’s expert on such things is back in the office and we’re no longer relying on my sub-par technical knowledge.