Ignorance, Stupidity or Connivance?
This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published August 10, 2011 on Townhall.com.
President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president’s economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive. They might have already told him so, only to have the president say, “Look, I know you’re right, but I’m exploiting the public’s envy of the rich!” Let’s look at what happened when Obama’s predecessor George H.W. Bush signed […]

