Comment 30019

By nobrainer (registered) | Posted April 08, 2009 at 09:29:15

"And as market values go up, your the tax rate problem thereby is addressed."

AMEN! This is so self-evident it's a wonder some people can't see it. To say we should cut the tax rate to make market values go up is an example of what Feynman famously called "cargo cult thinking" -

"In the South Seas there is a cargo cult of people. During the war they saw airplanes with lots of good materials, and they want the same thing to happen now. So they've arranged to make things like runways, to put fires along the sides of the runways, to make a wooden hut for a man to sit in, with two wooden pieces on his head to headphones and bars of bamboo sticking out like antennas -- he's the controller -- and they wait for the airplanes to land. They're doing everything right. The form is perfect. It looks exactly the way it looked before. But it doesn't work. No airplanes land. So I call these things cargo cult science, because they follow all the apparent precepts and forms of scientific investigation, but they're missing something essential, because the planes don't land."

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