Noah Smith

We need to do it.

In addition to corporate taxes and capital gains taxes and, you know, higher taxes on the very rich people, we need to raise taxes across the board.

The American people have to be in this altogether.

We can't, you know, we shouldn't raise taxes on the poor because like, A, they're poor and B, they don't have any, like, it's not going to raise much money.

But on the, on the middle class, we need to raise taxes on the middle class.

And Democrats are pledging not to do it.

Republicans are, of course, never going to do it.

We need to raise taxes on the middle class.

In addition, I want to raise taxes on the billionaires more, but we need to raise taxes on the middle class too.

We need to, I'll pay higher taxes.

We need to all be in this together.

So that's the tax side of it.

We can't just do it with taxes.

We need to have spending cuts.

We need to restrain the growth of spending.

We need to, you know, actually cutting spending is actually less powerful than simply restraining growth rates.

If you simply say this now, instead of growing at 4% a year, we'll grow at 1% a year, that adds up to a huge amount.

So all kinds of things, especially health spending, we need to have the government buy people less healthcare.

And I'm sorry.

Phones have done three things to break our society, three huge things, and we haven't dealt with any of those things yet.