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Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures."
-- Daniel Webster
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Friday, December 23, 2011 :::
Frank Fleming:But to see why taxing the rich boosts the economy, remember the story of the goose that laid the golden eggs.
A farmer had a goose that laid a golden egg once a day, until he tried cutting the goose open to get all the gold at once and ended up with no more golden eggs. Similarly, rich people lay golden eggs of jobs and tax revenue each year — and, as tempting as it is to just cut rich people open and confiscate all their wealth, it’s not really a good idea. That would be killing the goose that lays the golden eggs.
But suppose, instead of killing the goose because you’re unsatisfied with its golden egg output, you just punched it really hard in the face. That’s perfectly fine; it won’t stop future egg production. But it does let the goose know who is boss. Plus it relieves stress.
And it just makes everyone feel better to see that stuck-up goose who thinks she’s better than everyone get a good whack in her stupid goose face.
In a struggling economy, that’s what people need to see happen to the rich. Call it the “Goose Punch” theory of economics.
::: posted by Steven at 5:06 PM
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