Sun Feb 2nd, 2014 at 09:28:34 AM EST
From Frances Coppola on Pieria:
Laffer and the Yeti
we need a serious discussion about the morality of taxation. While the rich believe they are morally entitled to low tax rates, they will continue to avoid higher rates by taking advantage of the global mobility of capital and the fact that tax arbitrage is a survival strategy for small countries. For higher tax rates to be economically effective, therefore, the moral case for them must be so clearly made that the rich themselves buy into it because they cannot in conscience do otherwise.
Can this be done? How?