Debt Ceiling Demagoguery:
How the GOP Can Win the War of Words
by David Cohen @ the Daily Caller
Can’t millionaires and billionaires afford to pay higher taxes? Of course they can. We don’t care if raising taxes would cramp the Lifestyles of the Rich and Famous — they can choke on their caviar for all we care. What we care about is that the rich, who have the ability to make the investments that allow businesses to create jobs, will have less money to invest.
If millionaires and billionaires have less money to invest, can’t government investment make up for it? There are very few things that government does efficiently, and creating jobs isn’t one of them. It was recently estimated that the stimulus cost us $278,000 per job created, and that we could have saved $427 billion by simply giving each of these people a check for $100,000. And the stimulus has added $666 billion (so far) to the debt burden on our children and grandchildren. Sure, the government could suck more money out of our struggling economy and pump some of that money back into the economy in government’s disastrously inefficient manner, but here’s a better idea: just leave the money in the economy in the first place…
Go and read the rest. I think this article does a good job summarizing our position on taxes.