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Soaking the Rich
Veronique de Rugy, Reason
Atlas Shrugged |Capitalism |
High-income earners’ response to changes in taxes is an issue that academics have studied extensively. In 2000 University of Michigan economist Joel Slemrod published Does Atlas Shrug?: The Economic Consequences of Taxing the Rich (Harvard University Press), a book in which he challenged the free market belief that raising taxes on the rich would lead them to secede from the work force, as famously described in Ayn Rand’s novel Atlas Shrugged.
Published: 2013-02-13
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