Illinois made news this week by raising taxes. To something like 5%. Wow, that’s so big! Not really, since it is still smaller than that of other large states (according to the New York Times). Some governments are raising taxes, which is the obvious way out of budget problems. Still, many refuse to raise taxes, even though taxes are lower for many people. How much stupidity can this (once) great nation take??
The sensible thing to do is cut spending where it was most recently raised during boom times, and raise taxes. Stupid is as stupid does.
Category: Stupidity