Freeman

IN BRIEF

Buffett Rules Goes Down in Senate

APRIL 17, 2012

“The Senate rejected consideration Monday of the ‘Buffett rule,’ a key election-year Democratic initiative that would impose a minimum tax rate on those making more than $1 million per year, as a philosophical debate over taxes that will define this year’s elections occurred on Capitol Hill.” (Washington Post)

A gimmick to take our eyes off the ball.

FEE Timely Classic
“The Buffett Rule Will Create Jobs? It Just Ain’t So” by Roy Cordato

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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