we like to bring home from work to our families. But no, it turns out it's tax
"breaks" and "loopholes" that "drain revenue" ... from the
ever-hungry federal beast.
Besides which, the proposed amendment
would only make it harder to raise taxes. Anyone wishing to lower or
eliminate a tax (create a "loophole," in the parlance of the statists) can do it
with a vote of 218-217 right now ... and will still require 218 votes once this amendment
is finally ratified.
The late and lamented UNLV economics
professor Murray Rothbard used to tell a delightful story about his mentor, Austrian
economist Ludwig von Mises, whose unfamiliarity with the American idiom sometimes made it
difficult for him to follow the rapid-fire discourse of his younger associates.
Sitting in New York at a coffee-table
economics discussion shortly after his arrival in this country, the late Prof. von Mises
at one point turned to Mr. Rothbard and his young colleagues and asked "Loophole,
loophole, what is this loophole you keep talking about?"
It took a few examples for the old
man to get the meaning of the Americanism, at which point he smiled with understanding,
and nodded, "Oh, I see. A 'loophole'
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is when you still leave them some of their own money."
But the Democrats don't like
"loopholes." Oh no. They want to "weed out existing loopholes."
Sounds so much better than a
"tax hike," don't you think?
Mind you: the two-thirds requirement
would not be a panacea. It would be a poor substitute for our congressmen simply going
back to obeying their oaths of office, upholding a Constitution which spends a mere 431
words (Article I, Section 8) compiling an encyclopedic list of all the purposes for
which the federal Congress is authorized to appropriate funds ... in which list one may
search in vain for any federal Endowment for the Arts or Humanities, any Department of
Agriculture, Labor, Housing, Human Services, Energy, Education, or Environmental
Protection, or any Drug Enforcement Administration or Bureau of Alcohol, Tobacco, and
Firearms ... just for starters.
Nor would the two-thirds majority
present any obstacle at all to new levies in time or war or national emergency ... which
makes one wonder just what the Democrats object to.
Regardless, the dividing lines are
clear. While we might wish they would |