Obama: 'No doubt' nation needs more tax revenue to lower deficit

The Hill ^ | February 3, 2013 | Peter Schroeder

[The_Media_never_lie]

This man is just damn brilliant. /sarc>

[griswold3]

Let’s go waaay back to observations from supply siders....

“It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.”

-Abd-ar-Rah.mân Abû Zayd ibn Khaldûn (1332-1406),

The Muqaddimah, An Introduction to History, Franz Rosenthal translation, abridged and edited by N.J. Dawood, Bollingen Series, Princeton University Press, 1967, p.230, quoted by Ronald Reagan
(Human nature hasn’t changed much over the centuries.)