These days the bow tie signifies the opposite, of course. Which only shows their disguises have improved.
Matthew Yglesias points to this Arthur Brooks piece, “Obama says it’s only ‘fair’ to raise taxes on the rich. He’s wrong.” Brooks says he’s shifting from the usual perverse consequences argument – if we tax the rich it will actually cost more money – to a fairness argument. But really it’s just a twistier iteration of the perverse consequences argument.
Basically the first part of the argument goes like this. [click to continue…]