Call for higher taxes is misguided – JAMES PERON
A small group of naïve billionaires in the United States are lining up begging for higher taxes on the super rich. I say naïve because they itemise a whole list of problems they imagine can be solved with this additional tax. The whole thing reminds me of the history of foreign aid in Africa. Allow me to explain. The billionaires are brilliant dreamers who have a litany of problems that can be solved with money. They argue it could fuel economic investment, pay for health care, and reduce inequality. In other words, it will do all the miraculous things foreign aid was going to do for Africa.
Now, the U.S. government already confiscates trillions of dollars in taxes and yet all the problems politicians said they were going to solve remain firmly in place. What is the American central government spending those trillions on? They fund internment camps for refugees fleeing violence in Central America—violence directly linked to America’s war on drugs.
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Publish date: 03 July 2019
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.