David Harsanyi on Why a Tax Hike Would Accomplish Nothing


President Obama—and nearly all media coverage of the decade-old tax cuts—continues to discuss the "cost" of tax cuts as if Washington had first dibs on your money. Is the president arguing that the base line of spending includes all wealth and that anything the Internal Revenue Service doesn't take is something we have to "pay" for? If not, then government spending is the only thing that really costs us. Sometimes the cost is worthwhile; mostly it isn't.