Food for thought: Do upper-income Americans lose more from the decline of social services and public investment than they gain in tax cuts? Apparently, on a
strictly material level, they do. As we saw from the new bankruptcy law, where the credit industry ended up losing more as a result of the last-second filing panic then it could ever hope to profit from the new law, the long-term effect of the Bush Presidency may be to create a public demand for the
sort of liberal politics beyond the dreams of even the most fervent progressives. Call it the Law of Unintended Consequences.
No comments:
Post a Comment