What's not to love? WSJ: "Obstacle to deficit cutting: a nation of entitlements"
Efforts to tame America's ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history.Have we reached the tipping point? We've already constructed a tax policy where the top 1% of Americans pay more in total taxes than the bottom 95%. Now Obama wants to let the Bush tax cuts expire for the top income brackets expire, raise the income cap on the payroll tax, and limit deductions for charity.
At the same time, the fraction of American households not paying federal income taxes has also grown—to an estimated 45% in 2010, from 39% five years ago, according to the Tax Policy Center, a nonpartisan research organization.
Is there some other way to punish the most productive members of society? Maybe we can egg a heart surgeon's BMW. That'll show 'em.
Extra - Reason: "Let's cut spending (just not on any of the spending that benefits me.) "
Related - Some thoughts from Maggie's Farm.