Bar Stool Economics - A Tax Story

[Phokaioglaukos]

The Bush tax cuts are worth, on average, about a thousand dollars a week for those of us with incomes in the top one percent; for the bottom fifth, about a dollar and a half. (New Yorker, 10/13/2008, p. 54)

In my book that is just plain unfair. Might someone in the top one percent take his ball and move to a tax haven if we allow the Bush tax cuts to expire? Maybe, but (a) it's not as easy to move emigrate to another country as it is to drink at another bar and (b) should we let that get in the way of fairness?