Paying Higher Taxes Can Be Very Profitable (rerun)

(I originally posted this on Jan 2….given that today is April 14, it seems like an appropriate time to run it again)

Chevy Chase, MD, is an affluent suburb of Washington DC. Median household income is over $200K, and a significant percentage of households have incomes that are much, much higher. Stores located in Chevy Chase include Tiffany & Co, Ralph Lauren, Christian Dior, Versace, Jimmy Choo, Nieman Marcus, Saks Fifth Avenue, and Saks-Jandel.

PowerLine observes that during the election season, yards in Chevy Chase were thick with Obama signs–and wonders how these people are now feeling about the prospect of sharp tax increases for people in their income brackets.

The PowerLine guys are very astute, but I think they’re missing a key point on this one. There are substantial groups of people who stand to benefit financially from the policies of the Obama/Pelosi/Reid triumvirate, and these benefits can greatly outweigh the costs of any additional taxes that these policies require them to pay. Many of the residents of Chevy Chase–a very high percentage of whom get their income directly or indirectly from government activities–fall into this category.

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Quote of the Day

There is one aspect of the change in moral values brought about by the advance of collectivism which at the present time provides special food for thought. It is that the virtues which are held less and less in esteem and which consequently become rarer are precisely those on which the British people justly prided themselves and in which they were generally agreed to excel. The virtues possessed by Anglo-Saxons in a higher degree than most other people, excepting only a few of the smaller nations, like the Swiss and the Dutch, were independence and self-reliance, individual initiative and local responsibility, the successful reliance on voluntary activity, noninterference with one’s neighbor and tolerance of the different and queer, respect for custom and tradition, and a healthy suspicion of power and authority.

F.A. Hayek, The Road to Serfdom

Self-Esteem vs Self-Respect

An interesting essay by Theodore Dalrymple, a British psychologist who has worked extensively in prisons. Via psychiatrist Dr Sanity, who adds thoughts of her own.

My sense is that the self-esteem movement started benignly enough, with the sensible idea that it is usually better to focus on praising people for things they do right rather than on condemning them for their inadequacies. But it soon fell into the hands of various airheads, many of them professors in “education” schools, who too frequently have been hostile to the whole notion of individual achievement and individual accountability.

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Sleeping with the Enemy–Update

My post of a couple of weeks ago, Sleeping with the Enemy, (which expanded on an old novel by Arthur Koestler) has drawn some extensive and thoughtful remarks from Shrinkwrapped…definitely worth reading.

Also, it is possible to discern a slight relationship between the woman called “Jihad Jane,” an American accused of terrorist activities, and Koestler’s protagonist Hydie Anderson. But as I noted in the post

today’s Hydies are unlikely to share the educational and religious depth of the woman Koestler imagined

To put it mildly, judging from appearances in this case. Looks like I called that one right!

Stephens Looks at Chile

Bret Stephens compares Haiti and Chile, corruption and transparency. How often we forget that corruption and a state economy kills. And in times like these, we see that the rebar metric measures lives saved.