Miscellaneous material for your Monday reading.
- Frances Woolley reminds us of some of the hidden advantages of the rich, and suggests that they point toward the fairness of taxing wealth in addition to consumption: The greatest freedom money offers is the freedom to walk away. Your bank doesn’t offer you unlimited everything with no monthly fees? Walk away. There’s always someone else who wants your money. Your phone plan is too expensive? Walk away (o.k., that may not be the best example).
People with money have alternatives, which makes their demand for goods and services elastic. Food (Read more…)
