Many conservatives argued that lowering the tax burden would free up capital and induce job creation. "Washington would likely see increased revenues as prosperity grows," they claimed. This must be a fact, as economists I choose to believe say it is. It's unfortunate, though, that most Republicans won't go further and argue that everyone, even the rich -- even the super-filthy rich! -- deserves to be treated equally by the government.
It is also too bad that these politicians won't admit that revenue, whether we have more of it or less, is basically irrelevant. After all, doesn't the federal government have enough money? We need spending caps and entitlement reform, not ways to generate more revenue -- as if Washington's expenditures ever match revenue anyway. The real size of government can only be measured by what D.C. spends, not by what it takes in.
If, as the enlightened voices on the left contend, the American people deeply love their federal services, their dependency programs, their regulations, their industrious public education department, let's all pay. Why shouldn't we take on a proportionally fair share in the joy? Even income tax-paying Americans don't really feel the cost of government because of how we collect taxes. But let's create better consumers. Consumers pay and demand results. Dependents, on the other hand, just demand. They have no reason not to.
Bernie Sanders Champions YUGE Profits for U.S. Corporations (But Only in Cahoots with Communists) | Humberto Fontova