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Tax the Rich All You Want. It Won't Fix the Deficit. (reason.com)

submitted 1 week ago by realcaseyrollins@narwhal.city to c/finance

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The problem is not that the government collects too little. It's that the government spends too much.

https://reason.com/2026/03/12/tax-the-rich-all-you-want-it-wont-fix-the-deficit/

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[-] riskable@programming.dev 1 points 1 week ago

Deficit? That is only tangentially related. Tax the rich the most because the can afford to pay the most.

Also, wealth should not grow so much that a few people are worth more than the bottom 2/3rds of the world. Tax them until the situation is drastically better. Then we can talk about maybe cutting down the amount.

[-] realcaseyrollins@narwhal.city 1 points 1 week ago

I guess it depends on what your goal is. Taxing the rich feeds the machine way more. Libertarians want to reduce the machine, if not kill it completely.

this post was submitted on 13 Mar 2026

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