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Taxes are a necessary fact of life. Although no one likes paying them, and they divert resources and cause waste, governments need revenue to provide essential (and some not-so-essential) services. And with its large debt, aging population and growing appetite for government benefits, the US will have to increase taxes sooner rather than later.
Unfortunately, politicians in America — across all parties and levels of government — seem dead set on the absolute worst kinds of taxes.
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Allison Schrager is a senior fellow at the Manhattan Institute, a contributing editor of City Journal, and a Bloomberg Opinion columnist.