Monday, April 18, 2011

We Can't Count On The Rich Enough To REALLY Soak Them

One of the problems with the rich is that their incomes are highly variable.  For instance, in one year, a household might have $5.5M in income--the next, a paltry $1.7M.  Now of course, either year is a pretty good year (for that household)--but if you are trying to plan government expenditures around predictable revenue streams--well, you'll have a rough time with the rich.  Raise their taxes, I say!  Though you won't really know what you're going to get....

Oh- sorry.  I should have said that we were talking about the Obamas.   

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