Arnold Kling writes:
The people with the kind of net worth Uchitelle talks about probably have the option* of contributing all of their income to charity without having to sacrifice any consumption. The result would be that they would pay no taxes. My guess is that this sort of thing drives the Left nuts, while the Right sees it as a win-win, with civil society getting stronger and government getting weaker.
Then why was the left so intent on retaining the estate tax, which funnels vast amounts of money to charity?
*You can only deduct 50% of your adjusted gross income through charitable donations.
