Taxing the Rich

Higher taxes … limits on bonuses …more disclosure of offshore accounts. Governmental neediness and public displeasure will combine to make life difficult for "the rich" in Britain, continental Europe and elsewhere, according to this Washington Post dispatch from London. (Most hated "rich people"? Overcompensated bankers!) Americans accustomed to multimillion-dollar incomes may rightly fear similar bad news.

Related post: Does “Tax The Rich” Have an Upside?