The Obama administration’s political philosophy is more egalitarian and more communitarian than mine. Their spending programs require much higher taxes than we have now and, indeed, much higher taxes than they have had the temerity to propose. Here is the question I have been wondering about: How long can the President wait before he comes clean with the American people and explains how high taxes need to rise to pay for his vision of government?
– Greg Mankiw’s blog for students of economics: http://gregmankiw.blogspot.com/2010/03/healthcare-tradeoffs-and-road-ahead.html
Notes
POSTED Monday March 22nd