Do the rich already have enough money that they should be glad to share it with the government?
Does government already have enough money that it ought to be able to fund genuinely necessary public purposes?
How rich is "rich"? How necessary is "necessary"?
WSJ's Daniel Henninger touches on these perennial questions by asking matters differently. Traditionally, per Henninger, we've asked whether we have taxed ourselves enough to support good government. Henninger asks whether we can sustain global competitiveness if we continue to tax and spend.
Good question. Somehow we suspect that sustaining investment in Our Republic is threatened more by the prospect of rising taxes than the prospect that the Affordable Health Care Act might be repealed or high-speed rail might not connect Des Moines and Chicago.