Monday, November 16, 2009

Not so merry Christmas

This Wall Street Journal article points to another way Congress is trying to raise taxes to pay for the impending healthcare bill. With the same creativity and energy our government has used to rewrite social welfare in this country, they have found other ways to soak the middle class. It's the classic salami strategy of slicing the problem so thin no one can mount a concerted defense. After all, how can anyone object to a 1% increase in Medicare tax for the 'rich'?

President Obama wasn't kidding when he said he's going to spread the wealth around. The only problem is that these death-by-a-thousand-cuts fiscal tactics will shrink the amount of wealth to spread around. Capital flight, lower private investment, and slower economic growth will see to that.

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