It’s the Season of Stupid

I guess I must be living in a dream world. I thought the science was pretty well settled on big government programs and the administrative state. The programs don’t work because they can’t compute prices, and the thousands of administrators can’t outperform the millions in the market. I thought that everyone with half a brain had figured out that there was a sweet spot for tax enthusiasts somewhere between really low rates and tippy-top rates in the stratosphere, the sweet spot where the tax revenue is maximized — assuming, of course, that maximizing tax revenue is your goal.

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