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May 12, 2008
Harvard Discovers Downside of Taxation
Isolated as they may be in their bubble of elitist moonbattery, even the educrats running Harvard are capable of grasping some of the basic facts of the world the rest of us live in. For example, now that Massachusetts might levy a 2.5% tax on colleges with endowments over $1 billion, Harvard's associate vice president for government, community, and public affairs Kevin Casey gasps:
You can't do that. You'd be taxing success.
No kidding. When you tax something, you get less of it. Success is to be reined in, because it creates challenges to government power. Punishing success is one of the purposes of our progressive taxation system. Harvard types would normally describe this as "social justice" — except when they're the ones getting looted.
On a tip from V the K.
Posted by Van Helsing at May 12, 2008 6:39 AM
Comments
I support a windfall profits tax on - Carbon Credit trading companies like the one Al Gore own part of. The tax should be 99% since its a scam.
Posted by: Anonymous at May 12, 2008 6:59 AM
Lux e Veritas e Duh.
Posted by: JS at May 12, 2008 7:55 AM
I support a windfall profit tax on the next Michael Moore mockumetary.
Posted by: IOpian at May 12, 2008 9:15 AM
"Harvard types would normally describe this as "social justice" — except when they're the ones getting looted."
LOL!...I call it "poetic justice"
Posted by: Ludwig Van Beethoven at May 12, 2008 3:48 PM
"You can't do that. You'd be taxing success," he opined, then pulled the lever for whichever Democrat managed to get the nomination on the promise of raising taxes on oil companies and Americans who own stock or have pension funds.
Posted by: mandible paw at May 13, 2008 12:58 AM
