Choosing between the two main parties’ presidential candidates is like choosing between playing Russian roulette with a loaded gun and death by a thousand cuts. I’ve donated to politicians from both parties and as a result, I’m solicited for funds and receive issue surveys in the mail, asking my opinions from both parties. Yet, in this election cycle, neither party seems to be seriously addressing a key issue: the national debt.
Interest payments on our national debt exceed defense spending—but politicians are offering tiny, one-sided solutions. The current Democratic platform would raise taxes on corporations and the highest earners, even though the top 10% already pay more than 75% of all income taxes. Rich people are also mobile and can change citizenship, as many states quickly learned when they imposed millionaire taxes.
