Tuesday, May 23, 2006

 

A Surprise From Cato

Let's just cut to the punch line - Cato, the de facto voice of libertarians (in so much that such a thing can exist), states that low taxes actually increase the rate of government spending.

Such a statement may sound like a 180-degree turn from conventional conservative thinking, but when viewed from the perspective of a free market, it makes perfect sense:

It is most implausible that reducing the tax burden of government spending on current voters would reduce the level of government spending that Congress would approve. In private markets, there is a consistent negative relation between the price of a good or service and the amount demanded.

$5 says that Grover Norquist won't sign up for this line of thinking.

Comments:
creeping socialism, (I.E. entitlements), an out of balance structure for the ultimate Ponzi scheme known as Social Security and Medicare/Medicaid, thus amoung other socialist indefensible atrocities increase Government spending. If you want to pay more into this giant black hole that is all government please go ahead.
 
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