TAXING THE LEFT’S BRAIN CELLS
Do you think your taxes are too high or too low? Though I expect that well over 90 percent of you are thinking "too high," the liberal media and political class keep telling us taxes are too low.
The left-leaning intelligentsia, in their arrogant smugness, claim we just don't know what is good for us. Yet, they are the ones who ignore the empirical evidence and are unable to distinguish between variables and constants.
As a prime example, a May 7 editorial in The Washington Post, advocating higher tax rates on the rich, states: "Economics cannot predict how high taxes can be raised before they reach counterproductive levels."
The editorial then says an increase of "taxes on the top 1 percent by 5 percentage points would raise $85 billion annually or perhaps a bit less if it spurred some extra tax evasion."
The fact The Post's editorial writers did not seem to realize the contradiction in these two statements in the same paragraph is disturbing for several obvious reasons.