Simple Tax Equation

Opponents of Reaganomics will scoff at the idea that tax cuts stimulate economies and increase revenues. California and New York are run by liberals who are such people. Their answer to everything is to raise taxes, already some of the highest in the US. Of course then they raise spending even more.

Now those in charge in NY and CA are perplexed at why their states are running huge deficits, while earners are leaving in droves, heading for less-punishing states like Texas and Florida.

It's been said so many times. If you and I ran our household budgets like most governments, we would be either in bankruptcy or prison very quickly.

The Fair Tax looks better and better every day.