In an editorial of two weeks ago, “
The Politics of Plutocracy,” the British prestigious publication
The Economist tried desperately to defend socialism and common sense at the same time, and even make a coherent mix of the two. In fact, the readers didn’t have to read farther than the subtitle to know that whoever wrote that article was, ahem, not exactly in their right mind. The subtitle said, “America’s rich should pay more, but there is no need to raise their income-tax rates.”
The mix didn’t work. The article was a superb exercise in utter confusion.
The rich should pay more, was the main premise of the article. Why? Well, because they should pay more. No specific reason is offered, just that they should pay more. It’s obvious, isn’t it.
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