Buffet Rule

Two economists attack inequality. Hat tip, Chuck.

Massive inequality is worrisome, especially in the way money is characterized as "speech" and plays such a large role in political power, but I don't think it is the primary problem with taxation. I'm more concerned with unfairness and legal corruption than strict inequality. I don't care if Bill Gates earns 60 million a year, so long as he pays a fair tax rate (ie higher than someone making a normal income). But I don't think the guy should pay 90% of his income - or even 70%. That seems crazy. What bugs me is Romney earning 10 million on investments and paying 13%. That is just corrupt - perhaps legal - but nonetheless corrupt.