Notes From Babel

2026 State of the Union

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For a depressing read, check out Greg Mankiw’s 2026 State of the Union speech.  And if you think we can shore up all our overspending-undertaxing problems by turning Sauron’s gaze on the billionaires at the tippy top of the income scale, consider that even if we hogtied and took every last penny from each of the 500 or so billionaires and almost-billionaires in the U.S., it would cover little more than a third of a single year’s spending.


Written by Tim Kowal

March 26, 2011 at 10:54 am

Posted in Economics

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