Just Raise Taxes? As the population ages and entitlement spending on Social Security and Medicare increase, some have argued that we should just raise taxes to pay for them. What is the main argument...

Just Raise Taxes? As the population ages and entitlement spending on Social Security and Medicare increase, some have argued that we should just raise taxes to pay for them. What is the main argument against this solution? (Related to Application 1 on page 236.)