Let's Raise Taxes Mania

I can't remember anytime where folks were as excited about raising taxes. Greenspan, Stockman, Rubin and O'Neil are all for letting the Bush tax cuts expire and whittling down the deficit.


I think that is Paul O'Neil, not General Jack O'Neill from Stargate SG-1.

So these guys, excluding Rubin, were seemingly conservatives at one time in the recent past. Has "supply-side" thought bit the dust? Is the only way to better the economy is giving more of our incomes to the government?

After all, the only sector adding jobs recently is the public sector, i.e. government jobs. Is that where we are headed? Will everyone be a firefighter, teacher or prison guard?

I have always believed that more money in our pockets is the best way to stimulate economic growth and eventually tax revenues. When we decide how to spend our money, it's a true measure of demand that sparks innovation. You and me rush out to buy iPhones and iPads, not carbon credits and bridges to nowhere.

Shorter? Tax rates are going up.

No word on the thoughts regarding higher taxes from the rest of SG-1, Daniel Jackson, Teal'c or Samantha Carter.