Thursday, September 20, 2007

The New York Times Needs an Economics Professor (or some common sense)

An op-ed in the New York Times today reads:
Companies compete. Countries, however, are not engaged in a zero-sum contest where one nation’s gain is another’s loss. Cutting corporate tax rates may or may not be a good idea, but we don’t need to make it a priority to preserve our competitiveness.

Ah, the hypocrisy of American liberals. They demand trade barriers in order to protect American jobs, yet the minute “tax cut” enters the dialogue they cry foul. Why? Is it not true that higher corporate taxes make companies less competitive, leading to the loss of jobs? Liberals cannot have it both ways, and they certainly cannot use contradictory economics to defend their arguments.