Punitive Tax Rates of 90% Could Cause More Problems Than They Cure
Mar 24th, 2009 | By Martin Hutchinson | Category: Financial NewsFor lawmakers who believe that 90% tax rates would be an effective way of punishing the financial malefactors who continue to flourish as the rest of us founder, take careful note: Not only will you punish the innocent as well as the guilty, you could also extinguish the innovative spark we’ll need to eventually make this moribund economy catch fire.