Tuesday, December 11, 2012

Incentives really do work, even for Democrats

When they advocate higher taxes and regulations on job creators, Democrats pretend that incentives are irrelevant.  In real life, Democrats know better:
  1. Google CEO Eric Schmidt is a long time Obama supporter but Google uses an impressively complicated series of shell companies to hide its corporate profits from taxation.
  2. Former Senator John Kerry, rumored to be a possible cabinet pick in Obama's second term, happily hid his 76-foot yacht from Massachusetts taxes until his subterfuge was publicly exposed.
  3. Warren Buffett is a prominent Obama supporter who calls for higher taxes on the rich.  Yet, he has arranged for most of his estate to escape taxation.
Apparently, the cognitive dissonance causes them no pain.

PREVIOUSLY on Democrats and cognitive dissonance:
Democrats flee from consequences of Democrat policies

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