Saturday, October 18, 2003

Shorter Megan McArdle

Link:

It's ok to increase Social Security taxes and use the surplus to lower all other taxes. It's not ok to do the reverse. I don't feel like explaining why.


(stolen from a comment by Jason McCullough over at Max's place)

Or, my version:

Using regressive taxes to fund general revenues is good. Using progressive taxes to fund social security is bad.