We have previously discussed the counterproductive increases in taxes that have been implemented recently without consideration of their impact on behavior or revenue. France’s ridiculous 75 percent tax on the rich is an obvious example (now even the former French president is reportedly planning to flee the taxes for England). So is our high tax on corporations while Canada continues to lower its tax just next door. There are also reports of high earners like Tiger Woods leaving California and New York in the face of high increases. A smaller but even more moronic tax is being contemplated by Alexandria, Virginia where the city council is considering a law forcing people to register bikes so that they can be forced to pay a fee.
Continue reading “Alexandria Moves Toward Registration And Taxing Bicycles”
