Interesting post. We agree it isn't that simple. Of course I choked on ``I was a leftist radical'', but then again I was a college objectivist. Heh.
The reason I favor very low taxation and emphasize entrepreneurship is that we live in the a country where there is not a rigid class system, a land of opportunity (now a phrase you cannot say in schools in CA by the way). Elites are not elite because of money.
A very strong argument that this isn't true anymore. The data are out there. The first filter you need to pass through on your way to riches or influence in this country are the Ivy League schools. And most Americans can't afford them, or the handful of others, now including Michigan. You can take a look at start-up culture and you'll find that VCs now look to the Ivies just as much as the banks and the upper levels of government.
I think Hillary is right about vouchers. In general I don't think you can count on people to make good informed choices. Not necessarily because they are stupid, but because sorting through the noise would just take too much time. If everybody had to really read all the fine print and cut through the marketing bullshit with every important decision they make, we'd have no economy at all because that's all anyone would have the time to do. A functional economy requires an element of trust. You can get that by having only trustworthy citizens, by buying only from people you know, which stifles innovation, or, well, some sorta supervisory system that allows strangers to feel comfortable buying from strangers.
The reason I favor very low taxation and emphasize entrepreneurship is that we live in the a country where there is not a rigid class system, a land of opportunity (now a phrase you cannot say in schools in CA by the way). Elites are not elite because of money.
A very strong argument that this isn't true anymore. The data are out there. The first filter you need to pass through on your way to riches or influence in this country are the Ivy League schools. And most Americans can't afford them, or the handful of others, now including Michigan. You can take a look at start-up culture and you'll find that VCs now look to the Ivies just as much as the banks and the upper levels of government.
I think Hillary is right about vouchers. In general I don't think you can count on people to make good informed choices. Not necessarily because they are stupid, but because sorting through the noise would just take too much time. If everybody had to really read all the fine print and cut through the marketing bullshit with every important decision they make, we'd have no economy at all because that's all anyone would have the time to do. A functional economy requires an element of trust. You can get that by having only trustworthy citizens, by buying only from people you know, which stifles innovation, or, well, some sorta supervisory system that allows strangers to feel comfortable buying from strangers.
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