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Why is the "Debt Ceiling" a Problem? Because Everybody Wants to Go to Heaven, But Nobody Wants to Die

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Thomas Knapp
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Apparently THEIR citizens are willing to die to go to heaven, and a social-democratic welfare state strikes them as heaven.

The US government takes 27.1% of GDP in taxes, and does a pretty lousy job of replicating those welfare states. The people who want that kind of thing don't want to pay nearly twice as much in taxes for the real deal, and even the insane level of borrowing we've seen since World War Two won't cover the tab.

Neither will "taxing the rich." There are only so many of them, they already pay most of the income taxes in the US, and confiscating every dime they have or earn wouldn't come close to making up the difference between revenues and spending.

Personally, I'm not big on the social-democratic welfare state concept. But those "middle class" Americans who want it need to either cough up or shut up.

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Thomas L. Knapp is director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism (thegarrisoncenter.org). He lives and works in north central Florida.


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