Comment 123135

By KevinLove (registered) | Posted June 26, 2018 at 09:50:53 in reply to Comment 123131

Ryan is absolutely right. And I must add that the effect of the last 23 years of corporate and income tax cuts has been to put so much money into the private sector that it has sparked a lot of wasteful luxury spending.

Although client confidentiality prevents me from getting specific, I have seen all kinds of crazy wasteful luxury spending in my career as an Accountant. I will point out that people somehow manage to prepare food on Formica countertops instead of granite. And very few can tell the difference between a $50 bottle of wine and a $5,000 bottle. And some of the most unhappy, messed-up people I have seen have been the richest.

Through the magic of taxes, all that waste can be magically transformed into education, health care, housing and other real, genuine needs of real, genuine people.

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