In response to:

Higher Tax Rates Won't Support Entitlement State

James2229 Wrote: Dec 06, 2012 2:06 PM
And now the question is, since Britain imposed its 50% tax on people making over 1M pounds a year, and lost 10,000 of their 16,000 citizens in that category, that went somewhere else to live, how much less revenue can they expect to obtain from that piece of real Progressive wisdom? Progressives don't seem to operate with much of an understanding of economic reality, do they?
The fiscal cliff negotiations seem to be foundering on Barack Obama's insistence on higher tax rates on high earners and House Republican leaders' insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs.

The real argument here is over the size and scope of government. Under Barack Obama, federal outlays -- the technical term for federal spending -- have increased to 24 and 25 percent of gross domestic product.

That's a higher level of federal spending than in any year since 1946, when...