Fundamentals — Why Things Are Likely to Get Worse

SEE HERE Walter Williams explains the fallacies floating around in the whole tax revenue dialogue.  You can't consume what you don't produce so in some sense the budget is always balanced.  The reality is that we have a very uneven tax system that punishes the wealthiest 10% which giving the bottom 47% a free ride (income tax wise) ... this amounts to job security for high spending politicians.  Frankly, if you are not paying taxes you ought not to be entitled to vote.  It has nothing to do with worth, it has to do with societal stability.  If those receiving largess from the government and paying no tax can vote then when they get to be a big enough bloc they will just constantly vote for politicians that will further enrich them and this will slowly or quickly sink the economy.  Stupid, but then no-one every said politicians were necessarily bright, just crafty.