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The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Making
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Congressional
Direction
Repeatedly
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More quotes by Thomas Sowell
Benedict Arnold was a war hero, wounded in battle--before he turned against his country. Hitler was likewise a decorated and wounded veteran of the First World War. Being a war hero is not a lifetime...exempt[ion]...from responsibility for what you do thereafter.
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Politics is largely the process of taking credit and putting the blame on others - regardless of what the facts may be.
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Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
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The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
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Freedom is unlikely to be lost all at once and openly. It is far more likely to be eroded away, bit by bit, amid glittering promises and expressions of noble ideals.
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People have a vested interest in promoting one set of polices rather than finding out what the truth is.
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What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture.
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What is history but the story of how politicians have squandered the blood and treasure of the human race?
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Social values in general are incrementally variable: neither safety, diversity, rational articulation, nor morality is categorically a good thing to have more of, without limits. All are subject to diminishing returns, and ultimately negative returns.
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Hilary Clinton said you know, it takes a village to raise a child and somebody said it takes a village idiot to believe that … it is part of the whole thing of third parties wanting to make decisions for which they pay no price for when they’re wrong.
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If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the quality of child care more than by lifting the heavy burden of taxation that forces so many families to have both parents working.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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Another way of verbally masking elite preemption of other people's decisions is to use the word 'ask'-as in 'We are just asking everyone to pay their fair share.' But of course governments do not ask, they: tell. The Internal Revenue Service does not 'ask' for contributions. It takes.
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Life has many good things. The problem is that most of these good things can be gotten only by sacrificing other good things. We all recognize this in our daily lives. It is only in politics that this simple, common sense fact is routinely ignored.
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A passionate commitment to social justice is no substitute for knowing what the hell you're talking about.
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Whenever people talk glibly of a need to achieve educational excellence, I think of what an improvement it would be if our public schools could just achieve mediocrity.
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Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
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If you start from a belief that the most knowledgeable person on earth does not have even one percent of the total knowledge on earth, that shoots down social engineering, economic central planning, judicial activism, and innumerable other ambitious notions favored by the political left.
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Government central planning means over-riding other people's plans.
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