Stop feed­ing the in­sa­tiable beast

The Washington Times Weekly - - Letters To The Editor - PAUL BLOUSTEIN Cincin­nati

The fed­eral gov­ern­ment is a mighty maw whose rev­enues rarely equal ex­penses. Thus, Demo­cratic pres­i­den­tial contenders Sen. Bernie San­ders, a demo­cratic so­cial­ist, and Sen. El­iz­a­beth War­ren, a con­fis­ca­tory cap­i­tal­ist (as if there were a real dif­fer­ence be­tween the two), plan to feed the maw with a new source of gov­ern­ment rev­enue — a wealth tax. This has never be­fore been as­sessed in our fair land, and it is pos­si­bly un­con­sti­tu­tional, but nev­er­mind

— be­cause the ur­gency is ap­par­ently such that the uber wealthy ought to suck it up and take one for the team ev­ery year. These pro­pos­als earn shouted hosan­nahs, stand­ing ova­tions and rhyth­mic ap­plause ev­ery­where that eco­nom­i­cally il­lit­er­ate cit­i­zens gather, the un­for­tu­nate Euro­pean ex­pe­ri­ence with such a tax not­with­stand­ing.

My highly de­greed, whitecol­lar, pro­gres­sive friends are more en­vi­ous than in­sight­ful when claim­ing that tar­gets of this tax de­serve to be knee-capped be­cause they all cheat on their taxes any­way (even though loop­holes are writ­ten into the tax code on a bi­par­ti­san ba­sis and are not il­le­gal). When envy ob­scures eco­nomic judg­ment and serves as fod­der for con­fis­ca­tion of al­ready taxed wealth in a highly pro­gres­sive in­come tax sys­tem, sound sense has gone the way of the dodo bird.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.