Can’t tax our way out of this situation

By From page A5 | February 11, 2013

EDITOR: Mr. Longhofer is on his tax crusade again. With him there’s never too much spending just too little taxing.

He complains that I don’t want to raise taxes. He supports the high tax cradle-to-grave economic model that has Europe in a state of slow motion collapse. For now let’s overlook the intellectual bankruptcy of the Euro-socialist model of government he so loves and just look at the practicality of solving our problems with taxes.

The recent ending of the temporary payroll tax cut that Obama put in place to stimulate the economy is being widely credited with causing the U.S. economy to have negative growth for the last quarter. So any across-the-board tax hikes are obviously out of the question.

No problem for Mr. Longhofer who will solve that by taxing the rich. Well, let’s look at that. The rich don’t have enough money to make a dent in our trillion dollar plus deficits even if you took everything they had and locked them up in camps. Now with the payroll tax restoration being credited with our latest downturn and the rich not having enough money even if you took it all, anybody with the least amount of common sense will realize that we are in a situation that we can’t tax our way out of despite Mr. Longhofer’s earnest desire that we do just that.



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