My favorite columnist is Walter Williams, a conservative economist who teaches at George Mason University. You can find his work on the George Mason website. In his most recent column, he wrote about taxation and included the following.
"Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? That might explain why the so-called Bush tax cuts were not more popular. If you're not paying income taxes, why should you be happy about an income tax cut? Instead, you might view tax cuts as a threat to various handout programs that nearly 50 percent of Americans enjoy."
We must repair our tax system.
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RANDOM MUSINGS FROM THE TOP OF THE HILL
8/28/2012
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