To a high degree, Arizona has been made great by people who appreciated the state’s less government is better government approach to governing.
In a recent column, the Washington Post’s Glenn Kessler acknowledged that the 400 richest taxpayers hand over more to the federal government each year than the bottom 70 percent of earners combined. This isn’t something to celebrate.
In short, California already has a wealth tax whereby it arrogates to itself far too much of the fruits of rich people and rich company production. There’s the cause of the debt. Simple stuff.
Increasingly work is joy, and a reflection of unique intelligence. People are saving less because they don’t in any way regard 65 as the endpoint of work.
We have massive debt because Treasury collects way too much tax revenue, and that’s because the American rich are wildly overtaxed.