Meet the new tax, same as the old tax via “Sin Tax Confidential: It’s Always The De Classe Products That Get Popped” in Reason.
Perhaps you are not outraged about the now obvious fundamental flaws in this ever-more-socialist system because you have been bought, just like your elected representatives and appointed regulators.
Remember this note of caution: in the long run at least, crime does not pay.
via www.taxfoundation.org, hat tip Greg Mankiw; related to this prior post.
Representative Barney Frank gives honest voice to the prevailing view of this government:
I think at this point there needs to be a focus on an immediate increase in spending, and I think this is a time when deficit fear has to take a second seat.
I do think this is a time for a very important kind of dose of Keynesianism.
Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.
Let’s be frank. This system has empowered thieves.
