It is a fitting coincidence that I'm wearing largely black today. It's April 15, Tax Day. I'm writing this before I make out my check and further sour my mood.
No one likes to pay taxes, but it's a necessary evil. The government must do some things, and that takes money. The question is how much money and whose.
The debates about "sharing the wealth" and transfer payments and "paying your fair share" all boil down to this:
Some people think there is a certain amount of money beyond which you have no claim to your earnings. And they think they should get to decide what that is.
And the number keeps going down. They get stars in their eyes and wild ideas of all the good they could do if they just had a little more of your money. So brace yourselves; it's about to get worse.
Some tax-related reading for your ... well, enjoyment certainly isn't the right word:
The Preemptive Tax Revolt
Obama's promised tax increase on "the rich" "will raise almost $700 billion [over 10 years], or only enough to cover about half of the budget deficit this year alone."
Europe's VAT Lessons
VAT taxes start low then grow and never lower income tax rates.