A Harvard economist and former George W. Bush adviser explains it all in a piece titled, “I Can Afford Higher Taxes. But They’ll Make Me Work Less.”
Less scholarly mortals should be grateful for enlightenment about how earning $1000 for an article is such a burden for a professor with more than $250,000 a year in income that the economy will crash if Congress doesn’t extend the tax cuts his former boss gave people in his bracket.
More than half a century ago, when the top bracket was 84 percent rather than 39.6, a similar grumble came from the celluloid cowboy John Wayne, whom I ventured to tell, “If I were getting that many millions for making faces at cameras, I wouldn’t complain about giving most of it back to people who buy tickets to see me do it.”
That was in the Eisenhower era…
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