Sunday, October 20, 2002

Taxes and Nazi Germany

Right out of Nazi Germany.
— Senator Phil Gramm, Republican-Texas, describing a proposal for a one-time capital gains tax on Americans who renounce their citizenship to avoid U.S. taxes

Twenty years ago, would a prominent senator have likened those who want wealthy people to pay taxes to Nazis? Only someone with a net worth of at least several million dollars is likely to find it worthwhile to become a tax exile.

Paul Krugman, The New York Times, October 20, 2002

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