Lucky Swiss

Marginal Revolution has an article about a canton in Switzerland that's moving from a progressive to degressive tax system. This means the rich pay less then everyone else! I'm pretty sure the idea behind this is that it would provide incentives for wealthy people to put their money in that canton. Apparently they understand incentives better then the U.S. does. It never really made sense to punish people simply for being more productive, maybe some day we'll wake-up and realize this (yeah not likely).

Update: Unfortunately, the tax policy has been ruled unconstitutional by the Swiss Federal Court.