Why Taxing the Rich Will Not Fix America’s Fiscal Crisis.
(ThyBlackMan.com) There is something emotionally satisfying about watching a wealthy person call for higher taxes on people like himself. It feels civic-minded, even noble. A recent commentary by former Utah senator, Massachusetts governor and Republican presidential nominee Mitt Romney fits squarely into this tradition. Faced with a looming fiscal cliff, Romney concludes that entitlement reform is unavoidable and that higher taxes on affluent Americans must be part of the solution. […]