Arthur Laffer: The Bill Gates Income Tax - WSJ.com:
Framed on a wall in my office is a personal letter to me from Bill Gates the elder. 'I am a fan of progressive taxation,' he wrote. 'I would say our country has prospered from using such a system—even at 70% rates to say nothing of 90%.'
It's one thing to believe in bad policy. It's quite another to push it on others. But Mr. Gates Sr.—an accomplished lawyer, now retired—and his illustrious son are now trying to have their way with the people of the state of Washington."
Wednesday, October 06, 2010
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