In response to:

The Invincible Lie: Part II

Chief Thunderthud Wrote: Jul 13, 2012 8:07 AM
There is an axiom capitalists understand that communists do not: Money moves to where it's treated well. Raising tax rates treats money badly.

Editor's Note: This column is part II in a series. Part I can be found here.

Nothing produces more of a sense of the futility of facts than seeing someone in the mass media repeating some notion that has been refuted innumerable times over the years.

On July 9th, on CNN's program "The Situation Room" with Wolf Blitzer, commentator Gloria Borger discussed President Obama's plan to continue the temporary extension of the tax rates established under the Bush administration -- except for the top brackets, where Obama wanted the tax rates raised.

Ms. Borger said, "if you're going to lower the tax...