What Lesson Will Leftists Learn from another “Successful” Tax Increase? | International Liberty

I tell them that they are right about higher taxes on tobacco leading to less smoking (also more smuggling, but that’s a separate issue).

Yet these people simultaneously claim that higher tax rates on income (especially on the evil rich!) won’t lead to less work, saving, investment, and entrepreneurship.

Back in August, I acknowledged that lifestyle leftists in California won a real victory. They imposed a tax on sugary soft drinks in Berkeley and achieved a reduction in consumption. But I pointed …

Source: What Lesson Will Leftists Learn from another “Successful” Tax Increase? | International Liberty