Taxhiker in Chief Takes On Social Security

J.D. Foster / October 18, 2010

There he goes again. President Obama is proposing yet another huge tax hike.

Maybe we should cut to the chase and just ask our Taxhiker in Chief to state his final figure—what he thinks the total level of taxes and the tax distribution should look like. Then we could have an honest debate about tax burdens. As it is, all we know for sure is that he wants more, more, and more, and that he believes that those who make the most cannot pay enough.

From the presidential campaign on, Mr. Obama has argued for higher taxes by way of letting tax relief enacted almost a decade ago expire. He claimed he wanted to tax only the well-heeled, to help spread the wealth around. This approach treats private wealth as public property, contravening both the principles of freedom and the prerequisites of prosperity. (more…)