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Politics

Taxes and the deficit in perspective

Posted: January 3, 2013 at 8:50 am   /   by

This was done pre-deal, but it still sums up the scope of the problem. No tax increase can cover what we’re spending. All the rhetoric about the rich paying their fair share is nonsense. To cover what we’re spending now, you’d have to tax at 100%. Of course, at 100%, no one would work (why bother?) and the economy would be destroyed anyway.

Visualize:

Christopher Cook
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Christopher Cook

Managing Editor at Western Free Press
Christopher Cook is a writer, editor, and political commentator. He is the president of Castleraine, Inc., a consulting firm providing a diverse array of services to corporate, public policy, and not-for-profit clients.

Ardently devoted to the cause of human freedom, he has worked at the confluence of politics, activism, and public policy for more than a decade. He co-wrote a ten-part series of video shorts on economics, and has film credits as a researcher on 11 political documentaries, including Citizens United's notorious film on Hillary Clinton that became the subject of a landmark Supreme Court decision. He is the founder of several activist endeavors, including AnyStreet.org (now a part of Western Free Press) and Liberatchik.com. He is currently the managing editor of and principal contributor to WesternFreePress.com.
Christopher Cook
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Taxes and the deficit in perspective