In response to:

Prophets and Losses: Part II

eddie again Wrote: Feb 06, 2013 1:22 PM
until our schools consistently and permanently teach that government decisionmaking is the least efficient and least beneficial of all types of decisionmaking, we are doomed to live in an idiocracy.
traitorbill Wrote: Feb 06, 2013 2:28 PM
Good luck with that. Next they'll be teaching about the constitution and morality.

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

People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.

The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or...