America Is Undertaxed, and Taxes Will Go Up

Let's be clear: America is an undertaxed society. Our wants and needs from government — the two blur — exceed our willingness to be taxed. This has been true for decades, but it's especially relevant now because the number of older Americans, who are the largest beneficiaries of federal spending, is rising rapidly. Unless we're prepared to make sizable spending cuts (and there's no evidence we are), we need higher taxes.