How far will taxing the rich move us ahead?
The key quote from this column, in my mind, is this:
The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress' voracious spending appetite. The true tragedy for our future is that there are millions of uninformed Americans who will buy the political demagoguery and treachery that our problems can be solved by taxing the rich.
If you read this cloumn you will see that taxing the rich does not get nearly enough money in revenue to help us anymore than a few months. Williams states taht this leves future generations in dire straits, and does not solve the immediate or long term deficit/debt issue.
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