"You Can't Tax the Rich!"

    In “You Can't Tax the Rich ,” Thomas Sowell’s compelling arguments refute the so-called benefits of high tax rates on the rich.   By examining the errors that occurred in the 1920’s, Sowell looks to American history for his defense.  In the 1920’s, the rich were taxed at a high rate; however, they escaped the tax collectors, and the government was left empty handed.  The rich can use their resources to place their money in tax-exempt securities or over seas where the government cannot touch their money.   As a result, small businesses, which are the largest new job creators, take the burden instead of the rich; so, when the rich are taxed, small businesses and the economy suffer the most. Sowell calls his audience to learn from history and not make the same mistake.