David Stockmans Contra Corner

How The GOP Tax Cutters Mangled The Income Tax And Fiscal Governance, Too

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david stockman
Nov 04, 2025
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The more the nation’s Fiscal Doomsday Machine cranks out ever higher spending and fatally rising public debt, the more we realize that the 16th Amendment was a monumental error. In the end its ratification in 1913 may well turn out to be the inflection point at which American democracy and capitalist prosperity took a fatal turn toward ruination.

It need…

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