PUBLIC EDUCATION AND HIGHER TAXES
Why do individuals and countries engage in self-destructive behavior? Many books have been written on the topic, but given the U.S. election campaign, it is worth examining why some politicians and other opinion leaders advocate policies contrary to both good theory and empirical evidence.
Despite this evidence of success, Sens. Hillary Clinton and Barack Obama want to increase the top tax rates, though there is no evidence that raising the top rates will result in any more revenue but there is evidence it will result in slower growth.
They can get away with it because voters have had their brains mangled by public education.
Since education in almost all countries these days is chiefly in public institutions, except for relatively small numbers of students educated in U.S. private schools and universities, it should come as no surprise that the government employees doing the "educating" are biased toward the public sector and are anti-business.
