Newmark's Door

Newmark's Door once again addressing one of life's important questions.

Tyler Cowen asks some good questions about the rumored new proposal.

See also Stephen Green writing on Instapundit: "She [Nancy Pelosi] says it isn't a wealth tax and it will only hit the extremely wealthy so you know she's lying on both counts."

Related:

Op-ed in the Washington Post[!]: "Biden’s latest tax-the-rich scheme would be an unworkable and possibly unconstitutional mess".

Aswath Damodaran: "The Billionaire Tax: The Worst Tax Idea Ever?"

I am constantly amazed by the capacity of legislatures to write bad tax law, but this one takes the cake as perhaps the worst thought-through and most ineffective attempt ever, at rewriting tax code. 

"The Many Problems With Taxing Unrealized Capital Gains".

"Taxing Unrealized Capital Gains Is a Nutty Idea".

"Biden-Wyden Wealth Tax Would Break Campaign Pledge, Run Afoul of Constitution".

Here's an idea: Tell the truth, the whole truth, and nothing but the truth.

"Traditionally, education was focused on facts, information, details, content, learning, and knowledge, all of these hopefully leading to wisdom.  Now we've gone to the other extreme.

"The students learn little, and they cannot connect one fragment of information to another.  Classrooms are filled with chatter.  The brains of students are overflowing with nothing much."

Bring it on!

Ain't this the truth. (NY Times, may be gated.)

In my old job at Bloomberg Businessweek, I interviewed Joe Fuller of Harvard Business School for a story titled “Demanding a Bachelor’s Degree for a Middle-Skill Job Is Just Plain Dumb.”

I would like a lot of changes in our current federal government, but probably at the top of my list would be this: just stop lying to us.

I agree with Ms. Feldman's conclusion: more school choice would effectively limit such lunacy.

"You only have to read a little between the lines that the whole system of city grants to "non-profits" is completely and inherently corrupt."

A fierce denunciation.