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An Overdue Book (Sowell on taxes)
Creators Sydicate ^ | November 27, 2012 | Thomas Sowell

Posted on 11/26/2012 2:24:04 PM PST by jazusamo

If everyone in America had read Stephen Moore's new book, "Who's The Fairest of Them All?", Barack Obama would have lost the election in a landslide.

The point here is not to say, "Where was Stephen Moore when we needed him?" A more apt question might be, "Where was the whole economics profession when we needed them?" Where were the media? For that matter, where were the Republicans?

Since "Who's The Fairest of Them All?" was published in October, there was little chance that it would affect this year's election. But this little gem of a book exposes, in plain language and with easily understood facts, the whole house of cards of assumptions, fallacies and falsehoods which constitute the liberal vision of the economy.

Yet that vision triumphed on election day, thanks to misinformation that was artfully presented and seldom challenged. The title "Who's The Fairest of Them All?" is an obvious response to liberals' claim that their policies are aimed at creating "fairness" by, among other things, making sure that "the rich" pay their "fair share" of taxes. If you want a brief but thorough education on that, just read chapter 4, which by itself is well worth the price of the book.

A couple of graphs on pages 104 and 108 are enough to annihilate the argument about "tax cuts for the rich." These graphs show that, under both Republican President Calvin Coolidge and Democratic President John F. Kennedy, high-income people paid more tax revenues into the federal treasury after tax rates went down than they did before.

There is nothing mysterious about this. At high tax rates, vast sums of money disappear into tax shelters at home or is shipped overseas. At lower tax rates, that money comes out of hiding and goes into the American economy,...

(Excerpt) Read more at creators.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: sowell; taxes; taxrates; thomassowell
Who's The Fairest of Them All? by Stephen Moore
1 posted on 11/26/2012 2:24:12 PM PST by jazusamo
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To: abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
*PING*
Thomas Sowell

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Recent columns
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Please FReepmail me if you would like to be added to or removed from the Thomas Sowell ping list…

2 posted on 11/26/2012 2:28:32 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
*PING*
Thomas Sowell

Photobucket - Video and Image Hosting

Recent columns
Hotels and Hassles
Killing The Goose
The Need to Explain

Please FReepmail me if you would like to be added to or removed from the Thomas Sowell ping list…

3 posted on 11/26/2012 2:29:31 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo
The point here is not to say, "Where was Stephen Moore when we needed him?" A more apt question might be, "Where was the whole economics profession when we needed them?" Where were the media? For that matter, where were the Republicans?

This is the strangest question of all of history. My guess is that if we learn the answer to it, we will know things unimaginable to most everyone. The fact that things have playedout as they have, for any rational thinking person, boggles the mind.

4 posted on 11/26/2012 2:32:25 PM PST by Bellflower (The LORD is Holy, separated from all sin, perfect, righteous, high and lifted up.)
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To: jazusamo

Sowell is right 99.99% of the time


5 posted on 11/26/2012 2:33:10 PM PST by GeronL (http://asspos.blogspot.com)
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To: jazusamo

” There is nothing mysterious about this. At high tax rates, vast sums of money disappear into tax shelters at home or is shipped overseas. At lower tax rates, that money comes out of hiding and goes into the American economy,...”

EVERY time!


6 posted on 11/26/2012 2:33:36 PM PST by stephenjohnbanker
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To: jazusamo

Pfl


7 posted on 11/26/2012 2:34:12 PM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: jazusamo

Totally done bought it and stuff.

If Thomas Sowell recommends it, I buy it.


8 posted on 11/26/2012 2:36:36 PM PST by Yardstick
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To: jazusamo

Bump for thomas sowell.


9 posted on 11/26/2012 2:37:21 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Yardstick
If Thomas Sowell recommends it, I buy it.

Amen! His endorsement is is gold, IMHO.

10 posted on 11/26/2012 2:40:52 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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Please bump the Freepathon or click above and donate or become a monthly donor!

11 posted on 11/26/2012 2:42:55 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: GeronL

You grossly underestimate his accuracy.


12 posted on 11/26/2012 2:49:18 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: jazusamo

Yeah, right on the mark again. Thanks for the ping jaz.


13 posted on 11/26/2012 2:50:23 PM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: jazusamo

Well, that’s the problem....Dems are mostly people who read very little unless it’s porn or an entertainment/scandal rag. People magazine is probably the magazine of choice for most Dems who read anything. The reason they’re Dems is that they either don’t read anything worthwhile, or they don’t read anything period. Believing facts can enter the mind of a Dem is like throwing a pebble at The Rock of Gibraltar and expecting it to shatter.


14 posted on 11/26/2012 2:54:29 PM PST by driftless2
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To: Hoodat

bump


15 posted on 11/26/2012 3:05:54 PM PST by GeronL (http://asspos.blogspot.com)
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To: jazusamo
A plug for Sowell:

Basic Economics: A Citizen's Guide to the Economy

One of the three most worthwhile economics books I've ever read. The others are "Economics in One Lesson" and "The Wealth of Nations".

16 posted on 11/26/2012 3:14:30 PM PST by BfloGuy (Workers and consumers are, of course, identical.)
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To: BfloGuy

BTTT!


17 posted on 11/26/2012 3:22:06 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

From the Presidential primary debate. 4/16/08

Charles Gibson: “...and in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28%, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected”?

Obama: “Well. Charlie, what I’ve said is that I would look at raising the capital gain tax for purposes of fairness”.


18 posted on 11/26/2012 3:33:29 PM PST by SunTzuWu
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To: Bellflower
The fact that things have playedout as they have, for any rational thinking person, boggles the mind.

That is the crux of the problem. The vast majority of those involved in pubic edumakashen do not know how to THINK. Tragically, they are the ones "teaching" our youth and those in power like it that way.

FMCDH(BITS)

19 posted on 11/26/2012 4:00:32 PM PST by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: jazusamo

http://www.amazon.com/Whos-Fairest-Them-All-Opportunity/dp/1594036845/ref=sr_1_1?s=books&ie=UTF8&qid=1353978660&sr=1-1&keywords=Who%27s+The+Fairest+of+Them+All%3F+moore


20 posted on 11/26/2012 5:15:48 PM PST by Excellence (9/11 was an act of faith.)
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To: GeronL

i remember reading one of his columns many years ago and thinking, wow that is not correct. Later i figured out it was me that was wrong and not Prof. Sowell.


21 posted on 11/26/2012 8:34:38 PM PST by genghis
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To: genghis

Yes, I bet that happens to a lot of peole. Except liberals who would never ever admit they are wrong.


22 posted on 11/26/2012 8:37:40 PM PST by GeronL (http://asspos.blogspot.com)
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To: All; Admin Moderator

The original link quit, here’s a working link:

http://www.creators.com/conservative/thomas-sowell/an-overdue-book-12-11-27.html


23 posted on 11/27/2012 3:38:03 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

Thank you for the ping. It is too bad that the information in this book didn’t get out a year or more ago.


24 posted on 11/27/2012 4:04:08 PM PST by TheOldLady
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