Tag Archives: ethenal

Shared Sacrifice of Rich, Poor


Reprinted from thefeeherytheory.com

In the context of the debt limit, Democrats have been pushing for tax increases because they want to punish the rich. They believe that because the so-called rich pay only 80 percent of the tax burden that they should be forced to pay more.

In their view, the only way to really inflict shared sacrifice is through the tax code.

The problem with that assumption is that it isn’t true. There are plenty of ways to include rich people in the shared sacrifice without raising taxes one dime.

Continue reading