Premise check – Who has first claim to our money?

Published September 26, 2010 4:00am ET



Richard Thaler, a professor of economics and behavioral science at the Booth School of Business at the Univ. of Chicago, writes a justification in the NY Times for increasing taxes on the rich.

It’s a curious effort. To end up where Thaler does, the premise one must use is “other’s have more of a claim on the money of those earning $250,000 than they do”. If you believe that, then it is easy to buy into the subsequent arguments Thaler makes in the article. For instance:

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