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QOTD: Tax Tyranny of the Majority April 16, 2007

Posted by David Bookstaber in Taxation.

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.


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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