November 25, 2005

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.

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