When you tax something, you get less of it. -- Jack Kemp
Smoking, gambling, teabags. Anything you want to slap a tax on it will have a diminishing effect. Take income, for instance. When you tax income, people produce less of it, or at least less of it that they would leave exposed to the higher taxes. But even if you could count on human nature to be unaffected by taxes, the numbers still have to add up.
Today, the Washington Times posted this article about the willful disregard of both simple mathematics and fundamental human nature, ... by the head of the teacher's union, no less.
I saw the Cavuto interview with the NEA Van Hoekel, and thought the same thing. What part of 2+2 is too hard to understand? As I pointed out in my July post on "Simple Economics", 19% GDP is what we have to live on. Let's figure out a way to do that.
As long as people like Van Hoekel avoid the math and human nature issues, there will be no progress. Unfortunately, elections don't seem to be about either anymore. I believe we are all in for an unexpected educational experience at any time.
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