Question for the Grinch
Fair question. What's wrong with keeping our own money and making ourselves rich?
All across the terrestrial globe, nations are cutting their tax rates. From Estonia to Australia to (soon-to-be-cutting) France, nations are feeling the positive effects of lower taxes. In Estonia, my favourite nation, the tax rate is at a flat 22% [down to 20% in 2009]. The tax-cutting countries are enjoying higher growth, greater prosperity and more entrepreneurship than the small amount we have here. Yet we have a surplus of billions.
So why not, Michael? What's so evil about tax cuts? Or are you really against production and prosperity?
Or do you think the Grinch prefers to keep our money to bribe us again next year? After all, it did work last time.