This cartoon is taken from the opening pages of Spirit Level, a 2011 book in which Kate Pickett and Richard Wilkinson describe the ways in which excessive inequality lowers the quality of life -- not only for the disadvantaged, but for those at the top of the economic pyramid.
As I have argued elsewhere, low taxes have become a political fetish -- a perversion damaging even those who think they are pleasuring themselves with the tax code and market interventions that concentrate wealth.
Wait ... why is there a pink unicorn in this post?
|Image: Deposit Photos|
As Pickett and Wilkinson show, however, those manipulations ultimately damage not only the poor and the middle class, but even the wealthy themselves.