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Tuesday, January 21, 2003

Simply amazing:

If you can stomach it, Slate's Chatterbox has been following the Wall Street Journal's Lucky Duckies meme. The latest news is that the WSJ is complaining that Bush's most recent tax cut is "redistributionist" (i.e. too liberal), and that the rich are getting kicked in the teeth yet again. This view is expressed in their most recent editorial titled, "Lucky Duckies Again"

We're surprised that the WSJ has taken such a tame position. After all, conservatives claim that the rich invest, start companies, and provide jobs. That's what trickle-down theory is all about. So why tax the rich at all?

The Journal should forthrightly call for a return to the economic arrangements of 1000 years ago, when peasants gave annual tributes to their lord of the manor, for it was he who had control over their economic fortunes.


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