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Michael Boskin: Get Ready for a 70% Marginal Tax Rate – WSJ.com

July 18, 2011

There is only one solution to this growth-destroying, confiscatory tax-rate future: Control spending growth, especially of entitlements. Meaningful tax reform—not with higher rates as Mr. Obama proposes, but with lower rates on a broader base of economic activity and people—can be an especially effective complement to spending control. But without increased spending discipline, even the best tax reforms are doomed to be undone.

via Michael Boskin: Get Ready for a 70% Marginal Tax Rate – WSJ.com.

 

No. No. No.

If we control spending, then people will Hurt™, Grandma will eat out of the proverbial Dumpster™, and the Children™ will a grow dumber than they currently are.

Must. Raise. Taxes. Must. Feed. The. Leviathan.

Anything else is just reich-wing bourgois anti-poor LIES!™.

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