Krugman: You only have property at the pleasure of the Sovereign

Paul Krugman apparently thinks that NOT raising taxes is the same as paying people:

But these same politicians are eager to cut checks averaging $3 million each to the richest 120,000 people in the country.

What — you haven’t heard about this proposal? Actually, you have: I’m talking about demands that we make all of the Bush tax cuts, not just those for the middle class, permanent.

He’s not talking about ending tax deductions or tax credits — he’s talking about letting income tax rates raise. If Congress prevents the rates from rising, Congress is “cut[ting] checks” to the rich. The only way I can understand this formulation is if he thinks all property, money, and wealth belongs, above all, to the State. To the degree you get to control some of that wealth — say, the amount in your paycheck — it’s unearned grace from Barack Obama.

Beltway ConfidentialUS

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