Originally Posted by patteeu
The guy who wrote the article explained why he (and Mitt Romney and the Bowles-Simpson commission) believe there is a difference. It's not a comprehensive explanation, but it covers the basic concept.
The truth is that reducing deductions can distort behavior (is this guy British?) too, but higher marginal rates are like multipliers that make all distortions bigger.
I saw that but it just didn't connect with me. Not that I need to understand it. Either approach makes sense IMO.
I just found it odd that one approach is socialism while the other isn't. In both scenarios the wealthy are playing by a different set of rules.