Sunday, September 25, 2005
(11:04 AM) | Adam Kotsko:
A Novel Idea
I was reading this thing about how to cut "pork" in order to finance the New Orleans reconstruction without going further into debt, and apparently, Congress isn't too enthusiastic about cutting things. So I thought about an idea -- if you don't want to cut spending to offset unexpected expenses, why not just raise taxes? And since you'd want to make sure that the effects of those taxes were as narrow as possible, why not just raise taxes on rich people only?After all, the rich are only a really small minority, so if you end up losing their votes, no big deal, right?
