He gets a certain amount of political capital from pissing on “the rich” (although $250,000 a year, where the higher rates will begin, is hardly rich) which seems, sadly, to still sucker in a majority of the American people.
They ought to know better by now. Many of them will reap the growth-killing unemployment.
But higher taxes also have a hidden agenda. As economist Daniel Mitchell with the Cato Institute says, they increase the opportunities for graft in D.C. via lobbyists seeking tax write-offs as well as boosting campaign contributions, and on and on.
“Yes, higher tax rates are bad for growth and competitiveness. And, yes, they are unfair and discriminatory.
“But they also foment and encourage sleaze in D.C., and that’s something that honest leftists should hate as much as the rest of us.”
An honest leftist. Hmm. There’s a thought. Seems like a contradiction in terms to me.
Via Instapundit.
THE TEXAS SCRIBBLER 