If you listen to the “progressives” you’d conclude that the way to help the middle class and the poor is to increase taxes on the rich. Economist Aparna Mathur argues that it’s wrong: the middle class and poor are hurt by high taxes on the rich.
Businesses and wealthy people often to productive things with money, leading to jobs and better products at lower prices for middle class and poor people, whereas the government usually squanders it on political trinkets. That is why nations with small governments grow in prosperity while nations with huge government grow slowly or even diminish in prosperity as resources are wasted and capital is consumed.
