the message coming out of Washington, especially from our leftist politicians and the news media, is that we solve our budget problems by raising taxes on the rich. If Americans were more informed, such a
message would be insulting to our intelligence. There are not enough rich people to satisfy Congress' appetite. In 2011, Congress spent $3.7 trillion. That turns out to be about $10 billion per day.
[. . .]
The true tragedy for our future is that there are millions of uninformed Americans who will buy the political demagoguery and treachery that our problems can be solved by taxing the rich.
http://townhall.com/
Future Generations
Walter E. Williams
December 5, 2012
TownHall.com
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