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October 27, 2015 63 Comments

Thomas Sowell on tax and false promises: 

A recent article in the New York Times says that raising the tax rate on the top one percent of income earners to 40 percent would generate “about $157 billion” a year in additional tax revenue for the government. This ignores mountains of evidence, going back for generations, showing that raising tax rates does not automatically mean raising tax revenues — and has often actually led to falling tax revenues. When the state of Maryland raised its tax rate on people with incomes of a million dollars a year or more, the number of such people living in Maryland fell from nearly 8,000 to fewer than 6,000. Although it had been projected that the tax revenue collected from such people in Maryland would rise by $106 million, instead these revenues fell by $257 million.

There was a similar reaction in Oregon and in Britain. Rich people do not simply stand still to be sheared like sheep. They can either send their money somewhere else or they can leave themselves. Currently, there are trillions of dollars of American money creating jobs overseas, in places where tax rates are lower. It is easy to transfer money electronically from country to country. But it is not nearly so easy for unemployed American workers to transfer themselves to where the jobs have been driven by high tax rates.

Heather Mac Donald on the “campus rape” pantomime: 

The mother of all campus rape surveys, conducted by feminist researcher Mary Koss and written up in Ms. magazine in 1985, found that 73 percent of respondents whom the study characterised as rape victims said that they hadn’t been raped when asked the question directly. (Not surprisingly, campus rape researchers stopped asking that question. Campus rape researchers also quickly shelved an equally deflating question from the Koss survey: whether the victim had sex with her alleged rapist again. Forty-two percent of Koss’s alleged rape victims said that they had, another inconceivable outcome in the case of actual rape.)

And again, on crime and incarceration: 

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Written by: David

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In which we marvel at the mental contortions of our self-imagined betters.