, Columnist
Americans Are Living in the Worst of All Tax Worlds
One of only two certainties in life.
Photographer: Mike Mergen/Bloomberg
Taxes are a necessary fact of life. Although no one likes paying them, and they divert resources and cause waste, governments need revenue to provide essential (and some not-so-essential) services. And with its large debt, aging population and growing appetite for government benefits, the US will have to increase taxes sooner rather than later.
Unfortunately, politicians in America — across all parties and levels of government — seem dead set on the absolute worst kinds of taxes.