Sublime
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The school taught a revisionist version of American history in which the robber barons were heroes, not villains, and the Gilded Age was the country’s golden era. Taxes were denigrated as a form of theft, and the Progressive movement, Roosevelt’s New Deal, and Lyndon Johnson’s War on Poverty, in the school’s view, were ruinous turns toward
... See moreJane Mayer • Dark Money
Economics
Brett • 1 card
Simplistically, there are two types of rich, those who use government to tilt the playing field in their favor and those who don’t. The former pay taxes at a rate well below the middle class and the latter pay at substantially higher rates. The blended rate of the two groups is similar to that paid by the upper middle class. But the politically
... See moreEdward O. Thorp • A Man for All Markets
What is remarkable is not that the rate of tax charged should fall as a percentage of income in this particular case, but that it should ever have seemed “fair” that different persons should pay wildly different amounts for the services of government during the twentieth century. This is particularly odd in that those who use government services
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
le problème principal auquel nous avons à faire face, de nos jours, n’est pas un problème économique mais un problème politique. Les bons économistes sont fondamentalement d’accord en ce qui concerne les choses qu’il conviendrait de faire. Presque toutes les tentatives du gouvernement pour redistribuer richesse et revenu tendent à étouffer les
... See moreBenoît Malbranque • l'Économie en Une Leçon
