Banditry

Not dead

Good news #1: I'm not dead; good news #2: the blog's not dead. Rather, I've taken a month or so off thanks to a combination of bad things, good things and neutral things. Bad things: major unpleasantness from commenters I respect around some of the things I'd written about Julian Assange; the realisation that some … Continue reading Not dead

More fun with marginal tax rates

Here's Felix Salmon Justin Fox standing in for Felix Salmon, on the economic impact of the socialist Truman government's evil confiscatory tax policies: During the Korean War, Congress enacted an excess profits tax meant to keep military contractors from, well, profiteering. In its infinite wisdom, Congress defined excess profits as anything above what a company … Continue reading More fun with marginal tax rates