Commentary

Surprise: Debt Conversation Brings More Pointless 'Tax-the-Rich' Talk

By Veronique de Rugy
Friday, May 26 2023

Whenever we have a national conversation about government debt, Democrats invariably respond that spending is not the reason the debt is now nearly equal to our national GDP. The real cause of our indebtedness, they inform us, is that taxes aren't high enough and the rich don't pay their fair share. From increasing the marginal tax rate to more than 70% for higher-income earners, to taxing 100% of income above $1 billion, to the president's recent debt-ceiling plan, Democrats overflow with ideas about how to tax us more. Not only do these ideas reflect incredible ignorance of economic reality…

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The Democrats' Debt Ceiling Position Makes Zero Sense

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U.S. Score Falls to All-Time Low in 2023 Index of Economic Freedom

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