I’m getting a little tired of presidents of the United States repeating things that could only be spoken by an idiot or a liar, and then trying to intimidate people out of contradicting them. The latest (though of course not the most egregious) offender is one Joseph R. Biden, who told the country today that he can raise corporate income taxes without imposing any additional tax burden on anyone who earns less than $400,000 a year. Because in the United States of America, nobody with an income under $400,000 owns any stocks or mutual funds. And if you disagree, he’ll stare you in the face and repeat himself. — Steven Landsburg Joe Manchin has also taken up the banner on this. I don’t know enough about Manchin to say whether he’s economically illiterate or a liar or both. (I don’t think Biden is an idiot, though he’s obviously cognitively dysfunctional.)… Read more →