To follow up on my previous post about the regression of federal tax rates. Malcolm Gladwell had a brief snippet in his blog today about CEO pay. Brief because the numbers he cites speak for themselves. The problem with the rich-poor gap today isn’t that CEOs are overcompensated but that our tax laws are woefully regressive. High taxes hurt growth? It seems to me that those years in the late 40s-50s were pretty good.
Tags: Tax Law