In Part 1 of the series on income inequality, I argued that being a “fiscal conservative” is a moral stance. One of the principles of fiscal conservativism says that we ought to balance the budget by cutting spending rather than raising taxes. In fact, a fiscal conservative will hardly ever encourage raising taxes.
The main reason a conservative doesn’t want to raise taxes is because she is opposed to redistributing wealth. We ought not take money from the rich, and just hand it over to the poor. (more…)