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1.08.2005

The Left is still the same... some seriously scary stuff

Wow, in a post simply about changes to the blog's RSS feed, Mindles H. Dreck at Asymmetrical Information managed to scare the crap out of me. How you ask? She linked to this article in the liberal rag The New Republic.

Taxes on the wealthy should be raised far beyond where they stood in 2000. They should be raised closer to where they stood 50 years ago, when the top marginal rates approached 90 percent.
[Emphasis added]

Wow, I wonder what Larry Kudlow would think of this? LOL!

Seriously though, these people are straight up socialists. 90% percent tax rates? Tell me is there a quicker way to kill productivity in our country than raising taxes to such a level? It gets worse though,
Neoclassical economics has always assumed a close relationship between wealth and welfare. The basic idea is that wealth gives people more choices, more choice translates into greater freedom, and this freedom increases welfare. But recent evidence suggests there's a point at which increased choice actually leads to a decrease in welfare--to paralysis, not liberation. Much of the evidence is summarized in my book, The Paradox of Choice, but here are some examples, involving both trivial matters and important ones:

Psychologists Sheena Iyengar and Mark Lepper have shown that as the number of flavors of jam or varieties of chocolate available to shoppers is increased, the likelihood that they will leave the store without buying any jam goes up.

...

Finally, law professor and ethicist Carl Schneider has reported that, as the degree to which patients have real choices of drugs and medical procedures increases, their satisfaction with the treatment they receive declines. Numerous studies indicate that, for many patients, the responsibility for decisions about medical care that modern medical ethics has thrust upon them is something they accept with great reluctance.

Hmm, where to start? First off, choice is bad? Not hardly. I would like to see the studies on chocolate and jam consumers, but I am confident regardless of the actual study results that this effect they observed can be applied to an entire economy. Next this idea that more choices in healthcare is something individuals don't want is ludicrous. This is another example of the Left's mentality that us "little people" should not be making our own decisions, especially because we don't want to. To the author of this piece of crap I say: STUFF IT! If you want to live like that move to Cuba or China. Just don't come back to us when you need more choices in healthcare!

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3 Comments:

  • Minor correction. Megan didn't link it, her co-blogger, Mindles Dreck, did.

    And it's common practice in the blogosphere to include an actual link to the post where you found the article from, and not just mention them.

    By Blogger fling93, at 8:45 PM  

  • My apologies, in this case it was mere oversight. Thanks.

    By Blogger Brian, at 11:35 AM  

  • No problem! Figured it was something like that.

    By Blogger fling93, at 2:28 PM  

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