April 18, 2014

Pethokoukis: “Jacking up investment taxes to reduce income inequality is a bad idea”

Me: no shit.*

A million economic monkeys banging away on a million Keynesian typewriters. That’s the only way an idea like this can be produced. Because it’s certainly not the product of anything sentient.

Posted by Jeff G. @ 4:14pm

Comments (8)

  1. Me: no shit.

    Dit – to

  2. Without clicking the link, has Paul Krugman penned another epic NY Times column that has everyone agog or something?

  3. link goes to aei

    >has Paul Krugman penned another epic<

    CUNY to Pay Paul Krugman $225,000 for Part-Time Job Studying Income Inequality

  4. oh sorry spiny’s covered that @ david t’s place

  5. “Because it’s certainly not the product of anything sentient.”

    On the contrary it’s far from some random bit of absurdity ginned up by the infinite froth of chaos. It’s just a mook saying “stick em up” dressed up in the nice suit of a statesman, and ready to call you a terrorist, an inhuman monster, or a crook if you don’t comply.

  6. There are only two ways a government has to discourage behavior, by either making it illegal (involving jail time) or making it expensive (involving extra taxation, fees, excise/luxury taxes, tariffs, etc.). There are also only two ways to encourage behavior, by either making it less expensive (tax breaks) or actively subsidizing it with money taken from other taxpayers.

    Funny how they seem to want to tax success and investment, while simultaneously subsidizing failure and laziness.

    “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” — Ronald Reagan