Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
This week’s episode of 60 Minutes featured a 13-minute segment on “taxing the rich” in order to cure the government’s debt problem. In addition to being an outrageously biased story, the coverage was filled with more economic fallacies than I can address in a single article. “Progressive” Income-Tax Codes Lead to Volatile Revenues In the opening