Why I oppose renewing the Trump tax cuts

For a reason that is well known, but all too often ignored.

We need to think about the future, not just the present.

At the rate we are increasing the U.S. national debt, 

an economic disaster for the U.S. is an absolute certainty.

The only question is when it will happen.

We need to take steps now to reduce the rate of growth of the national debt.

A very good way of doing that is to let the Trump tax cuts expire, 

or at least restrict them to people making under, say, $250K.

Sure, some people with incomes over $250K (or whatever the cutoff is, certainly under $500K) would be unhappy and complain.

But even with higher taxes on their high income, they should "grin and bear it".

How much net income do they really need?

And if, say, New Yorkers, validly point out that the cost of living in New York is so high that they need a high net income just to maintain a reasonable (in their eyes) standard of living,

it should be realized that what drove up the cost of living in New York 

is that so many New Yorkers have  had such a large net income.

A classic chicken-and-egg situation.