I’m cutting Kristol some slack for this. I completely agree in principle that the issue is spending, and that agree in fact that raising taxes on the rich will have negligible impact.
But I see some merit in giving Obama what he wants if only to demonstrate to the public that his “solutions” are nothing of the sort.
Here is an idea I have completely not thought through: why not make any tax increase “temporary”?
I read that the richest zip codes all went for Obama. You know what -screw em - let em get what they voted for.
RE: why not make any tax increase temporary?
WATCH CALIFORNIA. That is what Proposition 30 (which the Californians passed ) is all about. A “temporary” tax increase on millionaires.
How many are willing to bet that this “temporary” tax increase will be permanent?
Also how many are willing to bet that the “rich” will be defined down to $100,000 and less?
“The closest thing to eternal life on earth is a government program” — Ronald Reagan.
I agree. I don't see attempting to raise taxes on millionaires (they'll avoid paying it) as a big issue. We don't have a conservative majority. The debt is going to destroy us. Give them their millionaires tax in return for real cuts.