Jamie Whyte: Despotic Taxation - WSJ.com

A TWO-ENDED PUSH: Jamie Whyte: Despotic Taxation - WSJ.com

This article touches on a basic disconnect that many liberals have with business economics and investing - i.e. many liberals think that business will invest and create jobs without regard for the hurtle rates mentioned in this article.

The codicil to the above issue of liberal disconnect is that they somehow think the same investment will come about whether the business or investor keeps 100% of the return or maybe just 50% or less.

The lack of basic common sense (or math) is reminiscent of the Mark Twain saying, "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."

Liberals do truly have a problem. They want to spend more money than the economy can afford to give them while remaining robust and growing.

Part and parcel of this is the fact that many people feel no need to keep working and as a result, high taxes discourage productivity from one end and high benefits discourage work and investment from the other end.

England is clearly not alone in this - the US has the same dilemma.