The real purpose of today’s tax code
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© 2009 by Michael Swickard, Ph.D. “We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.” – Ronald Reagan As President Reagan pointed out 20 years ago, there is no amount of collected tax that will remove our national debt because, as more tax is collected, more is spent. If the amount collected were to triple, politicians would spend all of it. So why increase taxes? Taxes increase for public-policy reasons. The idea is not that the government needs the money so much as it is that the leaders are using the tax code to reshape our society. Continue Reading