Dec

13

The Government won't request more service revenues from Wall St. because the service code prohibits government entities from generating service revenues from themselves.

Stefan Jovanovich writes:

John Steele Gordon has a story about a friend who preferred "fairness" above all. He concludes it with these remarks:

We have lowered the marginal rates on high incomes four times since the inception of the income tax - in the 1920s, the 1960s, the 1980s, and the 2000s. In each case, the result was a much more prosperous national economy, lower unemployment, and higher tax revenues for the government. If you do A (lower marginal rates) four times, and four times, despite differing economic circumstances, B (increased prosperity) happens, a rational person might conclude, at least tentatively, that B is the result of A. Not liberals. As I said, high tax rates on the rich is a religious principle with the left. If the poor have to suffer because of it, so be it.

Gary Rogan writes:

I think it's important to remember that the socialist enemies of freedom have very clever strategies, some of which go back decades. That these socialist enemies are paying off their crony capitalist paymasters, who should not even exist as a matter of "fairness", and who in turn reward whoever they chose with their ill-gotten gains, should not be confused with the fairness of normal corporations paying whatever bonuses they wish without undue government interference or populist anger. The marriage of the socialists and their capitalist cronies is one of convenience because they have different end goals, and the socialists are happy to play up the righteous populist anger against their paymasters to promote anger against all capitalists. It's probably wise not to side with either of the two evil "spouses" in this marriage.
 


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