The Other Taxes: Who Pays Them?

Other factors have to be considered as well. The wealthy or super-wealthy (individuals or companies) are usually more mobile. A middle-class, working individual, with a mortgage, is pinned down to a greater degree. It also depends on the mobility of capital goods. If you have big, hard-to-move infrastructure, you are pinned down. "Patriotic" millionaires notwithstanding, turning the screw on the rich and mobile may just mean more capital flight. Screwing the heavy industries would just discourage investment in that sector (i.e. Detroit).

Oh. I thought this article was going to be about the price of food, transportation, and many goods industries are driven up because of regulation. EX, why shipping by train is so disastrously expensive that it cancels out the efficiencies, due to regulation. Or why you can't get a decent meal for less than $5, where natural equilibrium prices should settle in at $1, and how this <i>really</i> hurts the poor.<p>Instead, it's just about how taxes aren't progressive enough to suit this guy. What a shame.