The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Thursday, December 31, 2015

Don't bother to tax the rich. They don't don't have enough to pay for your progressive agenda.

Class warrior journalist Megan McArdle tells that same old lie in Bloomberg View.

And since the Democrats won't - can't - raise taxes on working stiffs - people of the class progressives intend to benefit - enough to cover the expense, the Sanders agenda, especially, is a hollow dream, she says.

She does not say it's a hollow dream because the Republicans control both houses of congress now and will do well enough in 2016 even if they lose the White House to deny Democrats a super-majority in the senate, and will absolutely refuse to pay for that stuff with the various taxes on the incomes of the far fewer than 1% that Bernie and his supporters are looking for.

Not a chance in hell they'll play ball with that.

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