Potomac Fever is the blog of the Hamilton College Semester in Washington Program.
I don't see much of a point to this article. The entire premise is a sort of red herring and caricature of the actual debate going on.I don't think many people are out there are arguing that we can balance the budget solely by taxing the socks off of the wealthy. Instead, what liberals are arguing is that doing so can be part of the solution, and that in a time when spending cuts and public sector employee benefit cuts are forcing sacrifices for many poor and middle income citizens, it follows that it might be reasonable to ask a similar sort of sacrifice from the wealthier. How pointing out that taxing the rich isn't on its own a path to balancing the budget adds to the conversation in any meaningful way is puzzling, to say the least. There is also delicious irony in a National Review writer admitting that the tax increase proposals floated by Obama and the Democrats affect an extremely small sliver of the population, while Republicans have spent the past 2 years running around claiming that Obama is out to raise everybody and their mom's taxes.
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