A Handy Economics Lesson
Rep. Handy, who introduced the atrocity of a bill currently being discussed, just described one of the “injustices” that he’s seeking to alleviate: He spent the past few years paying taxes on diapers for his child, but a rich person who could afford a diaper service would be free of that burden.
I’d dispute the notion that the very same taxes are not collected from somewhere, but the bigger point is this: Those rich parents have created jobs. They’ve financed income taxes. They’ve advanced business. That’s exactly what we want, and that’s precisely what this bill will undermine.