Tuesday, November 11, 2008

Split Opinion

On October 23-26, 2008, Gallup asked:

"People feel differently about how far a government should go. Here is a phrase which some people believe in and some don't. Do you think our government should or should not redistribute wealth by heavy taxes on the rich?"

The poll results:

Should: 46 percent
Should not: 50 percent
Unsure: 4 percent

Almost the exact same answers were given when the question was asked ten years ago.

I suppose one can debate the meaning of the word "heavy." My own view is that a 93 percent marginal tax rate qualifies.