Luskin on Rangelnomics

Don Luskin explores the "voluntary" nature of Rangelnomics in today's WSJ. Much like I posited here - "One way to achieve this would be to simply stop working. Imagine someone age 42 who has accumulated $4,999,000 million in assets and currently makes $499,000 and whose career/business trajectory will place them over the thresholds in short order. That person could decide that they have enough money to live a cushy life playing alot of golf, skiing and/or taking frequent, splendid vacations abroad " - Don rightly points out that the Laffer Curve cuts both ways - "All the rich need to do in order to make true Mr. Rangel's characterization of our tax system is to retire to their yachts, rather than continue to contribute to the economy by running hedge funds or doing private equity deals." Best line, "Mr. Rangel will get a lesson in supply-side economics he'll never forget." Not just him, but Max Baucus too.