I was doing some research on Detroit and its decline. They kept raising income tax and every time they raised the tax rate, the tax revenues went down. In 2008, Charles Gibson put this to Obama when he was a candidate. He said, “Why are you for raising the tax rate on the rich? Because you often get more revenue at lower tax rates than at the higher tax rates.” And Obama said, “Well, it’s a question of social justice.” In other words, he doesn’t really care about whether the government raises more revenue. If he can get people mad at the rich and they vote for him, then it’s a success.
Further to this, Thomas Sowell discusses the second, expanded edition of his book Intellectuals and Society. Subjects touched on include solutions versus trade-offs, Marxism versus reality, Obama’s hubris, and how to deal with mountain lions lurking near school gates.