What Don't You Understand About "It's Not Your Money"

Sunday, August 1, 2010
William A. Jacobson

Allowing people to keep more of what they earn is a horrible giveaway tantamount to welfare for the rich, rendering anyone who would suggest such a thing evil and greedy.

That attitude is the fundamental public policy prescription of the Democratic Party and supportive economists, as expressed in an op-ed in The Washington Post, Five Myths About The Bush Tax Cuts.

We could argue over the specifics, and the historical ignorance and wishful thinking that raising taxes results in more revenue or helps the economy.

The argument over specifics is besides the point. It's just more class warfare, presuming that someone who is successful needs to be punished. the rest