Financial Crisis

Ben Stein Apologizes For Balanced Budget Recommendation

Said tax hikes might be required

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A couple years ago, Ben Stein was dead set against any tax increases, which wasn't a surprise. The right-leaning pundit and actor, best known for his role as the teacher in Ferris Bueller's Day Off, has long been out there expressing the sorts of opinions that get you booked on the Fox News Channel. "There is no known economic theory under which raising my taxes in the midst of a severe recession will help the economy recover. It isn't part of any well known monetarist or Keynesian theory. So if it does no good to raise our taxes, I assume we are being punished," he wrote in 2010. "But for what? I don't own slaves. I employ a lot of people full- and part-time and they are all happy with their pay. When charity calls, I almost always write out a check. I don't have a yacht or ponies or a plane. My wife doesn't wear a tiara. I don't gamble. What did I do wrong? I know I have often lost my temper with my wife and the cats, but that's not a crime, yet. I tried to be successful, which is what I thought I was supposed to do. When did it turn out that was a crime to be punished? Maybe when the economy recovers, raising my taxes makes sense, but for now, it's just punishment, and I can't figure out what for."