‘These tax reductions will bring real and immediate benefits to middle-income Americans,’ Bush said in Chicago. ‘Ninety-two million Americans will keep an average of $1,083 more of their own money.’ The first of these claims, as the Financial Times editorialized the day after the speech, is ‘obviously bogus.’ The second is true, but only in the sense that it is also true that if Bill Gates happened to drop by a homeless shelter where a couple of nuns were serving soup to sixty down-and-outers dressed in rags, the average person in the room would have a net worth of a billion dollars.
Read the Hertzberg piece if you have a couple of minutes. Does this sort of deception not bother you? Could it not have been purposeful? Is it in any way unimportant?
More on all this in a few days, especially the excellent comments many of you have sent (enough! stop! please!). For now, take a look at this affecting little Forbes profile of Bill Gates, Sr., defending the estate tax.
Between the two links – the New Yorker essay and the Forbes story – it seems to me a strong argument has been made against tilting the game further in favor of the best off.
Wednesday: Who Owns Mickey Mouse?
Thursday: Have You Forfeited Amex Points? (You can get them back.)
Friday: More on the Idiotic Thing about the 10 Men and the $100 Dinner
Quote of the Day
Drill for oil? You mean drill into the ground to try and find oil? You're crazy.~Men Edwin L. Drake tried to enlist to his project to drill for oil in 1859
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How The Enlightenment Ends . . .
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My Classmate Saved Stephen Hawking
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Hi-Yo, Silver! (Unless You’re Poor)
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Will On Pence
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Mitch McConnell Speaks
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From Greece To Iran
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3.9% Unemployment: Does The Truth Matter?
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Free Toolkits, Wildly Overpriced Drugs
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Frank Rich On Roy Cohn / DJ Trump
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