Over at Asymetrical Information, Megan writes:

The Washington Times on the fate of Virginia’s “Tax me more” fund:

RICHMOND — State lawmakers can rule out Virginian’s offering up more of their hard-earned money to fix the $1.4 billion budget shortfall Gov. Tim Kaine announced this week.

At least that is what a peek at the so-called “Tax Me More Fund” suggests.

Since its inception in 2002, the fund has collected a total of $10,217.04.

This is what economists call “revealed preference”. What most of us are really in favor of is higher taxes on other people. If we wanted higher taxes on ourselves, we’d give the money to charity.

Its a nice reminder that taxation is absolutely a form of coercion no matter how good the liberal’s intentions are when they take the rich people’s money away from them.

This entry was posted on Sunday, February 17th, 2008 at 12:17 pm and is filed under Taxiation, Coercion. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.