There's a piece of sophistry that has been popular in the blog comments lately, and has now percolated up to the opinion pages of the New York Times, in the form of Ross Douhat's column today.
The argument seems to be that since taxing the rich at 100% won't eliminate the deficit, then for some reason the rich should not have their taxes raised at all.
People: Just because it won't solve the entire problem, but only a part of it, doesn't mean it shouldn't be done!!!
This tax day, I'm hearing about Wall Street millionaires who pay a tax rate that is literally 20 to 30 times lower than what working folks pay. Is that shared sacrifice?
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