Tuesday, December 11, 2012

The irresistible temptation to spend other people's money

In the debate over avoiding the "fiscal cliff"—especially over whose taxes should and shouldn't be raised—I detect an annoying attempt to romanticize taxation. I read this as an act of desperation on the part of those who want higher taxes on the wealthy, for there is nothing romantic about taxation. 
The other day MSNBC's Chris Hayes invoked Franklin Roosevelt in support of higher taxes on the top 2 percent. Pulling out all the stops, Hayes quoted from one of FDR's October 1936 campaign speeches, in which Roosevelt said:

Read more: http://reason.com/archives/2012/12/09/romanticizing-taxation

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