Giving back

posted by
August 11, 2011
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"Over the course of the recent debt-ceiling debate, one argument made in favor of raising taxes on the rich was that they ought to be 'giving back.' It wasn’t always clear to whom they were supposed to be giving back, but the argument is that since 'society' has made it possible for them to become rich, they should 'give back' by paying higher rates of taxation to support government programs." (08/11/11)  

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