First Thought on Kentucky Tax Reform

This is only my very first thought on tax reform. Yes, let’s broaden the base. Yes, taxes on consumption are superior to taxes on productive activity. However, if you’re trying to make a point about who should and should not be taxed relatively more or less, this is not putting your best foot forward:

… someone earning $8 million a year — such as John Calipari, the head coach of the University of Kentucky men’s basketball team — would receive a tax cut of close to $80,000 a year …

As a practical matter, it’s not a good idea to argue that the most popular person in Kentucky shouldn’t get a big tax cut.

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