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John Gallagher: Tax cuts do not a fantasy island make
John Gallagher, Detroit Free Press
Before we leave developer Rod Lockwood’s Belle Isle dream to the file of unfulfilled ideas, I want to highlight what struck me as the most fantastical aspect of his utopian vision. It wasn’t the multibillion-dollar figures he was throwing around, or the absurdly optimistic predictions of new economic spinoffs. What struck me was the almost magical belief Lockwood and his partners have in the power of tax cuts and small government to render human society perfectible. [....] Believers in this Ayn Rand-type vision know in their bones that low taxes and small government produce such a frictionless society. The problem, of course, is that this vision doesn’t account for any of those messy human qualities that real governments and real citizens contend with daily.
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