John Stossel has an excellent article on this subject here. He points out:
Progressives want to raise taxes on individuals who make more than $200,000 a year because they say it’s wrong for the rich to be “given” more money. Sunday’s New York Times carries a cartoon showing Uncle Sam handing money to a fat cat. They just don’t get it.
As I’ve said before, a tax cut is not a handout. It simply means government steals less. What progressives want to do is take money from some — by force — and spend it on others. It sounds less noble when plainly stated.
Liberals and I have a different view of taxation. Liberals think that all money, everything you have, is actually theirs and they want to decide how much you get to keep. My own viewpoint is that, what’s mine is mine, I earned it, and taxation is only slightly more moral than theft – justified only by the fact that it is probably impractical (in our society) to run the government by donations alone. Because some people would not willingly pay their fair share.
If funding the government (in this theoretical, unrealistic world) actually was run by donations, you could be certain that the populace would be doing a lot better job of oversight of the government than it has to date. You could also be certain that there would be almost zero waste, and only things that are actually needed would be funded.
Even though the government is funded by taxation, we, as citizens, really should take the same approach to oversight, as if it was donations. Because we pay far, far more in taxes than is really necessary. An excellent, though minor, example of this is Nancy Pelosi’s consistent lavish spending for her own personal benefit, on the tax payer’s dime. It is her attitude that we need to get out of our government.
For most of my life, our government has spent our money with the thought in the back of their mind that says “Why worry? It’s not MY money!” We need to give our government an attitude adjustment. Now.
The rest of Stossel’s article addresses the fact that increasing taxes beyond a certain point invariably results in lost revenue for the government. It’s a good article, go read it.