https://pjmedia.com/richardfernandez/2011/06/29/more-or-less/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usTue, 09 Jun 2026 23:30:49 -0400<![CDATA[Phil Angelides of the Washington Post makes the liberal argument for tax increases. It is similar to the one made by Robert Reich in this video. Essentially the story goes like this. All the profits in the economy have been captured over the past decades by a small number of capitalists. This is reflected in growing income inequality in America. Middle class wages have stagnated because they haven&#8217;t shared in the wealth.  The deficit, according to this narrative, is primarily caused by a refusal of the capitalists to pay higher taxes. If taxes were raised then most of the fiscal problems of the country would be over and much of the entitlement crisis would go away.]]>Wed, 29 Jun 2011 12:20:14 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2011/06/29/more-or-less-n190710