Why "Taxing the Rich" Is a Foolish Idea That Undermines Freedom and Liberty

Chapters:
0:00 Introduction
0:06 Talking point used to justify 16th Amendment and income tax in 1913
0:20 Wealthy already pay high share of taxes (with charts)
0:43 Income tax originally applied to small percentage of people
0:58 Highest income tax 37%, highest capital gains tax 20%
1:19 “Tax the rich” sentiment is envy-driven
1:35 Important factors: (1) optimal tax rate, (2) tax code complexity
2:14 If income tax, then flat tax, but prefer sales tax instead
2:27 Income tax vs. sales tax
2:57 Taxing wealth/income/gains vs. taxing consumption
3:18 Wrap-up