Tuesday, November 27, 2012

No, It's Not A Joke: Conservative Scholar Calls For Increased Taxes On Middle Class

(Washington Examiner) In an apparent bid to outflank the left the tax and deficit issue, a scholar at the American Enterprise Institute has called for a tax increase on the middle class — yes, something not even the most liberal Democrats have called for. This is all the more startling since AEI is a conservative, free-market think tank. Its list of scholars is a who's who of right-leaning policy intellectuals.

The post is either A) the most depressing economics argument about the deficit ever, B) some type of Swiftian satire, C) an attempt to shake up the debate with something completely expected, or D) some prank pulled by particularly clever hackers.

Notably, the last line of the post is, "As President Obama enters his second term — free from having to worry about reelection — he should exercise leadership and put this option on the table." Somehow I doubt he will.

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Posted By: Chris Carmouche