MCViewPoint

Opinion from a Libertarian ViewPoint

Conservatives and Libertarians for Higher Taxes – LewRockwell

Posted by Martin C. Fox on November 15, 2017

Local, state and federal governments, they all want to reform tax structure while keeping tax revenue unchanged or preferably higher.

It is a giant shell game. Everyone ignores the elephant that is spending has to go down. That requires smaller government. Big government means more unproductive jobs and more ‘free’ stuff.

Guess who wins.

https://www.lewrockwell.com/2017/11/laurence-m-vance/conservatives-and-libertarians-for-higher-taxes/

Why do some conservatives and libertarians want some Americans to pay more in taxes?

Oh, they don’t actually come out and say that. Then they would sound like Bernie Sanders or Hillary Clinton.

What they do say is that certain tax deductions are “loopholes” that need to be “closed” because they “distort” the tax code, “subsidize” high-income taxpayers, and encourage people to make “economically unwise decisions.” Although most of them also add that the increased government revenue that would result from the elimination of a particular deduction should be used to “pay” for “good tax reform” by “offsetting” the “cost” of lowering tax rates and making the tax code “simpler” and “fairer,” there is no getting around the fact that some conservatives and libertarians still want certain Americans to pay more in taxes.

The latest deduction under attack is the State and Local Tax Deduction (the SALT deduction).

Let me first explain how tax deductions work and how eliminating them, reducing their value, or phasing them out above a particular income level is no different from raising tax rates…

Be seeing you

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I am not a number. I am a free man!-Number 6

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