The American Republic may survive without new taxes, but I doubt it. Without increases in taxes, I think we can stave off default, but, or so, I'm thinking we're about to experience hyperinflation, which tends to bring death to republics.
So here goes.
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This blog opposes the thinking behind the slogan “Read my lips! No new taxes!”
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- Pat Oglesby
- Chapel Hill, North Carolina, United States
- During the 1980s, I served as a Legislation Counsel and then as the Foreign Tax Counsel of the Joint Committee on Taxation of the United States Congress. For nearly two years into early 1990 I had the title of Chief Tax Counsel of the Committee on Finance of the United States Senate. In recent years, I was Adjunct Lecturer at the UNC-Chapel Hill Business School and Adjunct Professor at the UNC-Chapel Hill Law School.
Yes, I'd like to help America, but I can't picture succeeding. I'm writing here because I need to quit, as they used to say in my hometown, drinking that idle milk. Thank you for reading this.
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