Tax The Rich

Many people are quick to advocate that the rich should be taxed more than they are but I wonder if the rich are already paying their fair share of taxes. UCLA Professor of Economics Lee Ohanian has some interesting insights into the two-part question of who are the rich and what is fair when it comes to taxes. He sums the presentation up by saying “It may feel good to take more money from the top 10% but it doesn’t do good”. If you enjoyed this video and you’d like to see a great explanation for how the Progressive Income Tax system works in the United States be sure to watch the story of Tom, Dick, and Harry.