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Conventional wisdom on government's role in inequality often has it backwards. Tax reforms have resulted in a more progressive federal income tax; government transfer payments have become less progressive. ↗
#become #conventional #conventional wisdom #federal #government
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation. ↗
I think its rather peculiar. It's not in keeping with our founding documents, our founding vision. But I'd guess you'd have to ask the Obama administration why they purged all this language from their platform. There sure is a lot of mention of government, so I guess I would put the onus on them to answer why they did all these purges of God. ↗
In a clean break from the Obama years, and frankly from the years before this president, we will keep federal spending at 20 percent of GDP, or less. That is enough. The choice is whether to put hard limits on economic growth, or hard limits on the size of government, and we choose to limit government. ↗
