Uncle Sam Won’t Stop Overspending | Cato Institute

Uncle Sam Won’t Stop Overspending | Cato Institute: "There are many studies, including those made by the U.S. Treasury, showing that the revenue-maximizing rate on capital gains is less than 15 percent."

"Why should a couple living in the hills of northern Georgia, away from any body of water that can cause them flood damage, have to pay increased taxes to compensate for the damage to homes for those who choose to live by the sea?"

"The reason we have government flood insurance and disaster aid is because the people who choose to live in high-risk areas do not like to pay the insurance rates required to fully protect their property."

"Government emergency aid for medicine, food and water in a disaster is an appropriate function of government. Government subsidies for rebuilding structures for people who choose to live in riskier places, however, is not appropriate and penalizes the more prudent"