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| Source:Business Insider- is an economic and current affairs publication. |
"Business Insider, co-founder, CEO and Editor-In Chief, Henry Blodget loves government so much that he wants to take more of your money and give it to the state. He writes:
We DO have a spending problem.
And if we are ever to get our budget deficit under control, we need to trim long-term spending growth.
But blaming the whole deficit problem on "spending" ignores the other half of the problem: Taxes.
Our federal tax revenue right now is historically low.
To begin to address our deficit problem, therefore, we need to trim spending growth and increase taxes.
Note: No discussion by Blodget of the coercive nature of taxes. No discussion of the bureaucratic machine that is fed by tax money. Just a call for increased taxes. Hey Henry, I have a great idea. In 2013, I am thinking of leeching off the government and grabbing every penny I can.. So let's eliminate the bureaucratic paperwork and middlemen and send a check directly to me in the amount of what you have determined you want to pay in higher taxes."
From the Economic Policy Journal
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