The most frustrating thing about the “fiscal cliff” discussion, is not that Boehner and Obama can’t come together to put together a deal or the endless political posturing, but that the debate itself is focused on the wrong thing.
Why are we worried about raising taxes when the taxes proposed mean almost nothing in terms of funding the federal government? The issue is with the solvency of the United States, a United States which has become far too large for its people. Even if we taxed millionaires at 100% we wouldn’t come close to covering the gap.
The fiscal cliff debate should be about cutting government in large—and for once noticeable amounts—not raising taxes in an effort to increase “fairness.” We have a spending problem, not a revenue problem.
Yet, Boehner wants to protect “defense” spending, so he will cave and give in on taxes, and we will be no better off for it. In fact, we will be that much worse off because even more money will be taken from the private sector and given to the black hole which is the Federal Government.
Rand Paul gets it-
If one actually does the math, “taxing the rich” turns out to be no real solution at all, only fantasyland rhetoric.
Every dollar the government takes is another dollar used unproductively. Every dollar removed from the private sector and wasted in the hands of bureaucrats is a dollar that will not be used to purchase goods, to pay for services or to meet a payroll.