It is easy to pass a tax cut because the benefits are individual while the costs are collective. At some point, those diffused, collective costs may grow painful enough that people start to notice. We might be approaching that point.
Today’s post at Forbes focuses on the cost of lower taxes by placing them in the context of lost benefits. A fat reduction in taxes is nice, unless you have to use that money fill the gaps in government services. As our infrastructure crumbles and public services suffer, it gets easier to connect the dots between taxes and benefits. Maybe. We’ll see.