Who Is the Forgotten Man (and Woman) on the Fiscal Commons?
By Jody W. Lipford, Bruce Yandle
This article appeared in the Spring 2018 issue of The Independent Review.
Pioneering sociologist William Graham Sumner conjured up the image of the ‘forgotten man’the citizen who quietly pays a lot to government but gets little in return. Some have invoked this concept to explain Donald Trump’s presidential victory, but today’s true forgotten man (and woman) isn’t the current taxpayer, but rather the future taxpayer stuck with the tab for the U.S. government’s recent borrowing spree.
Bruce Yandle is Alumni Distinguished Professor of Economics, Emeritus and Dean Emeritus, Clemson University and co-editor of Regulation and the Reagan Era.
Contemporary PoliticsEconomyFederal Budget PolicyFiscal Policy/DebtGovernment and PoliticsTaxes and Budget
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