Bar stool economics ! Don’t over-tax the rich…else th
Dear Readers, Suppose that every day, ten men go out for beer and the bill for all ten comes to Rs 100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay Rs 1. The sixth would pay Rs 3. The seventh would pay Rs 7. The eighth would pay Rs 12. The ninth would pay Rs 18. The tenth…