Friday, April 1, 2011

The Price of Tax Cuts

Just so we're clear on who and what are the prime contributors to our federal budget deficit. It sure as hell is not the welfare queens,unemployment benefits, or social security (which is paid in advance anyway). We had balanced budgets when marginal tax rates were substantially higher. We could have them again if we raised the marginal tax rate, not to uncharted territory, but only back to previous levels.

It would also help if we could reel in defense spending and the 2.5 wars we are waging. But higher taxes on those manifestly able to pay, and a scaled back military-industrial gravy train are anathema to the overclass.

They blame you for the problems they created, and now they want to punish you. It's called class warfare.

No comments:

Post a Comment