The U.S. tax story

The excellent Ed Kleinbard has an article in the LA Times that begins like this:

"For citizens hoping for serious tax policy and budget debates, this has been a dispiriting election cycle. One party urges tax rates too low to support any plausible platform from which government can deliver the services we all expect.

Those are the Democrats.

The other party inhabits a realm of fantasy akin to Erewhon, the fictional land created by the 19th century satirist Samuel Butler."

Now read on. If there's one tax story you read today, read this one.