Soak the rich? You can’t. A vital observation, first noted by former Hoover board chairman W. Kurt Hauser, banished this bit of wishful thinking. By David Ranson.
The present tax system is beyond repair. It is impossibly complex, outrageously expensive, overly intrusive, economically destructive, and manifestly unfair. Hoover overseer W. Kurt Hauser offers a solution—junk it.
The federal tax code does a good job of redistributing income and rewarding special interest groups. It does a lousy job of promoting economic growth. Vice Chairman of the Hoover Institution Board of Overseers W. Kurt Hauser explains why.
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