freedom’s just another word for not having skin in the game

today’s assignment

…The only way to finance a big European-style state is to have it paid for by massive taxation of everyone, mostly the middle class. Right now, we are avoiding honest debate on this fact.

The central issue of our time is the debate over the size and scope of government. Two unpleasant but undeniable mathematical truths limit the feasible policy choices. The recent sound and fury of the fiscal cliff follies in the end signified nothing because the resolution was in fact just a denial of both truths.

The first truth is that the current tax rates cannot support the promises made to middle-class Americans. The most unaffordable items in fiscal projections are Social Security for everyone and government-sponsored health care for the middle class. You cannot preserve these even with Draconian slashing of military, infrastructure, welfare, education, and other expenditures.

The second truth is that you cannot pay for the Life of Julia, or any vision of a cradle-to-grave welfare state, without massive and increasingly regressive middle-class taxes. The poor don’t have the money to pay for a European-style welfare state, and the rich, rich as they are, don’t have anywhere near enough…

8 Comments!

  1. Merovign
    Posted January 8, 2013 at 11:21 pm |

    As California has failed to learn two years in a row (well, more than that), if you raise taxes at any point over the optimum on the Laffer curve, people flee or reduce their productivity to avoid taxes.

    So you get less, not more.

    Unless the population is willing to work mostly for the government (and we aren’t) you can’t *have* a European-style lord-serf welfare state.

  2. Claire: rebellious pink pig with car keys - and a *cause*
    Posted January 8, 2013 at 11:45 pm |

    And in contrast to CA, TX just proved out the Laffer Curve — again*.

    If the Lairds are going to provide full employment for Teh Peons, eventually *someone* is going to have to be Groom of The Stool.

    But what will all these people *do* if we’re not here to provide them with something to do??!?”

    Hm, lessee, I dunno — maybe something productive?

  3. Jess
    Posted January 9, 2013 at 6:29 am |

    As a society, we object to visible warts, dandruff, bad breath, and parasitic infestations, but allow people just as objectionable to collect government funds. I think it’s ironic, but don’t pay attention to me, I go to work every day. What would I know?

  4. geezerette
    Posted January 9, 2013 at 8:33 am |

    Dreams of his father.

  5. MCPO
    Posted January 9, 2013 at 9:18 am |

    I’ve lost all hope in meaningful reform through the political process in this country. The culture is too far gone.

  6. Colonel Jerry USMC
    Posted January 9, 2013 at 10:54 am |

    I agree with Master Chief, but I still think that blood might refresh the Tree of Liberty. Perhaps trying to take our guns will bump that *refreshing* to the top of the list……

  7. TheOldMan
    Posted January 9, 2013 at 12:44 pm |

    Jettison the fed depts that do not belong. Being with Dept of Ed, Energy, HUD, HHS, DHS, most of Commerce, EPA, and Ag. Break for lunch.

  8. Melissa In Texas
    Posted January 9, 2013 at 7:29 pm |

    *sigh*
    I tried to tell ya, but NOOOOOO…
    And in contrast to CA, TX just proved out the Laffer Curve — again* http://www.elpasotimes.com/newupdated/ci_22325694/texas-comptroller-reports-jump-revenue-96-billion