Free Markets, Free People


Federal government: It is not a revenue problem, it is a spending problem

Nick Gillespie and Reason do a good job of dispelling the myth that our problem is a revenue problem, the nonsense that always prompts the “tax the rich” mantra.

Taxes aren’t the problem, never have been – it is a spending problem.  We’re spending more than we take in.  Cut that difference and you cut the deficit to nothing.  Cut it enough and you begin to work down the debt.

 

Taxing the rich at a higher rate might make the class warriors on the left feel good, but it does nothing to address the real problem.

Spending addiction – something Michael alludes too below.  What we have are the addicted trying to handle their own addiction, and essentially their solution has nothing to do with the problem.

Big surprise.

~McQ

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3 Responses to Federal government: It is not a revenue problem, it is a spending problem

  • Nobody can argue the morality of having nearly half of us pay nothing for their government.
    It is argued that TAKING from the productive to redistribute to the LESS or NOT productive is somehow moral.
    I have never heard any compelling argument that we could not take care of the genuinely needy via charity.  I have had a lot of invective thrown at me when I suggest that Americans have a history of doing that, but never a real, supported argument that GOVERNMENT is the sole or best tool for that job.
    Conservatives are not less humane than are Collectivists.

  • What we have are the addicted trying to handle their own addiction, and essentially their solution has nothing to do with the problem.

    Sounds more like the addicted are not trying to solve their problem but rather trying to foist it onto someone else (the “rich”).
    So when did the USA become so overtly parasitic?