Debating Taxes is like Debating Smoke Detector Models in a Burning House

Local member Mark Crowly had a letter to the editor published in response to a lefty call for more progressive taxation in the Tribune Review. In his response, Mark pointed out:

“Debating tax apportionment is like debating what model smoke detector to buy once your house is engulfed in flames. Social Security and Medicare liabilities total about $90 trillion. Our nation’s annual GDP is about $14 trillion. The total value of all privately held domestic assets is about $53 trillion. Confiscating all assets and taxing everyone at 100 percent wouldn’t come close to covering these obligations or to solving the underlying problem.”

You can read the rest of his comments at the Trib here.

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