Many libertarians, myself included, have long wondered why those of a big-government mindset would rather fight to remake the entire country in their image than simply aggregate in a few states and thus have a much easier time progressivizing those states.
I remain confused 🤷♂️ as to why anyone refers to these people as Progressives - they force their insane 😵💫 ideas on people and create an atmosphere of intimidation and fear. It seems the label Repressive would better capture the intolerance and hate that seems forever present in their actions and attitudes.
Most people, progressives certainly included, don't understand "marginal" economics. That if broadly a cost goes up just one percent, some people WILL drop out of that market. It doesn't matter why that "one percent" cost increase occurred, it will have an effect. Targeting a tax increase at "millionaires and billionaires" WILL have an effect - always - and result in fewer such people to tax. They may hide revenue, postpone revenue or forgo revenue just to keep under the new target. So the desired tax increase never quite produces what was intended - resulting in a "ratchet effect" whereby they need to increase taxes more, which leads to still more tax flight, and so on. It's how "progressives" break their states - they threaten the goose that lays their golden eggs.
A few basic realities of economic go un-taught in schools. As well as what you mention is opportunity cost, which is at the heart of Thomas Sowell's "no solutions only tradeoffs" observation.
Making things worse are opportunistic hucksters like AOC who pretend that "you just pay for it" is sound logic.
I remain confused 🤷♂️ as to why anyone refers to these people as Progressives - they force their insane 😵💫 ideas on people and create an atmosphere of intimidation and fear. It seems the label Repressive would better capture the intolerance and hate that seems forever present in their actions and attitudes.
It's the label they embrace. Think of it as "leaving behind that which works in favor of stuff that has never worked before."
Most people, progressives certainly included, don't understand "marginal" economics. That if broadly a cost goes up just one percent, some people WILL drop out of that market. It doesn't matter why that "one percent" cost increase occurred, it will have an effect. Targeting a tax increase at "millionaires and billionaires" WILL have an effect - always - and result in fewer such people to tax. They may hide revenue, postpone revenue or forgo revenue just to keep under the new target. So the desired tax increase never quite produces what was intended - resulting in a "ratchet effect" whereby they need to increase taxes more, which leads to still more tax flight, and so on. It's how "progressives" break their states - they threaten the goose that lays their golden eggs.
A few basic realities of economic go un-taught in schools. As well as what you mention is opportunity cost, which is at the heart of Thomas Sowell's "no solutions only tradeoffs" observation.
Making things worse are opportunistic hucksters like AOC who pretend that "you just pay for it" is sound logic.