Comment 76390

By Borrelli (registered) | Posted May 02, 2012 at 09:49:48

Great post, Lorne. I just finished reading economist Jeffrey Sach's The Price of Civilization (available at HPL), and he too emphasizes that the anti-tax orthodoxy is a political creation divorced from reality. Higher taxes to pay for social programs benefit everyone, including the rich, and this assertion that the rich have already paid their "fair share" is a distraction.

Sachs even goes as far as to argue that after cutting expenses (in response to Tea Party chants that 'the government has a spending problem!', the USA still has a revenue problem made worse by constant and often hidden tax breaks directed at the most wealthy.

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