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Tax the rich all you want. It won't fix the deficit.
(reason.com)
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this post was submitted on 13 Mar 2026
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libertarianism
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All the people downvoting this need to come to grips with the fact that it is true, whether or not you like the political tone.
If you want to enact a wealth tax on billionaires, great, I'm not opposed. But do it because you want to reduce the power weilded by these people - not because you think that just by taking their money and spending it "better" you'll solve all the world's problems.
And yes, increasing costs of government programs are a problem. So let's address the actual problem, by doing things like bringing down the cost of medicare through preventative care and better negotiating on medical supplies, rather than pretending like it doesn't exist.
Don't mind the downvotes on this community xD.
Spot on regarding Medicare. Chasing revenue while ignoring the cost disease in healthcare and infrastructure is useless. If we don't address the supply-side restrictions and artificial monopolies driving up those costs, no amount of taxing the rich will ever be enough to keep pace with the spending curve.
Most people want to solve the problem without solving the actual root problem. That'll only be a cat and mouse game with no ends.