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QOTD: Tax Tyranny of the Majority April 16, 2007

Posted by federalist in Taxation.
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From Ari Fleischer’s sweeping review of just how absurdly progressive and redistributive our current tax system is:

Perhaps we’re already reaching that point, where most people won’t have a serious stake in what the government does because they don’t pay for it. They want services and benefits, but they don’t pay the price. That’s a formula for runaway spending and no accountability. In other words, a system that looks a lot like the one we already have.

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1. federalist - March 8, 2009

And it’s getting worse. Michael Boskin warns of Obama’s tax plan:

New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president’s budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.


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