Friday, October 01, 2010

And the Tax Fairy Will Pay Off the National Debt...

Contrary to liberal belief, an income tax will not solve Tennessee's problems:

The federal income taxes we pay don't seem to have solved the federal government's fiscal problems, indeed the national debt has increased exponentially since 1913 when the income tax was added to the Constitution. What's more, as federal tax revenues have increased, so has federal spending, which is now so high that no amount of taxes can reasonably pay for the federal government's leviathan. The income tax didn't solve the federal government's financial woes, but it seems to have further contributed to them because the government has come to rely too heavily upon it.

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