Blogs > Liberty and Power > Tax Cuts Are Free

Jan 2, 2005 5:14 pm

Tax Cuts Are Free

Over 75 years, the president's tax cuts will cost the Treasury $11 trillion, nearly triple Social Security's gap during that time. Washington Post, January 2, 2005, italics added.
I'm sure I'm repeating myself, but it's obviously necessary. Tax cuts don't cost anything. They are free because they constitute an abstention from seizing people's income. It's government programs that cost money. To argue that tax cuts cost the treasury money is like arguing that a burglar's decision to stay home one night cost him the money he would have stolen. It's true in a sense, but who cares? It implies that the owner's and burglar's claims to the property are equivalent.

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