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Chew on Milton Friedman's words about socking it to the rich with higher taxes

On the surface, it makes sense to charge a higher tax rate to those who are rich and make tons of money.  They can afford it.  Right?

Listen to what the late Milton Friedman, Nobel prize winning economist, had to say about this belief that it's good policy to soak the rich with high tax rates.  This is a YouTube clip from an old Phil Donahue show: