It’s Time to Tax the Rich

Image by Mika Baumeister.

With the deadline for paying federal income taxes fast approaching, the thoughts of American taxpayers turn naturally toward the age-old question: Why isn’t there a fairer tax system?

Currently, in fact, campaigns for state tax-the-rich legislation are flourishing in California, Colorado, New York, Oregon, Rhode Island, Texas, and Virginia, and have already succeeded in getting such legislation adopted in Massachusetts and Washington. Similarly, in Congress...