Over at the Fiscal Times Andrew Fieldhouse has a go at answering the question, well, just how high should top income tax rates be? Sadly, he gets a few things wrong and these mistakes badly distort the answer he provides.
As you might imagine, his final answer is that income tax rates should be, at that top end, much higher than they are. This isn’t surprising coming from someone connected with the Economic Policy Institute. The general impression from them is that there’s nothing, from slow growth rates to toothache, that wouldn’t be solved with higher tax rates.
However, one mistake is this:
How High Should Top Income Tax Rates Be? What Andrew Fieldhouse Gets Wrong – Forbes