The Mother of All Cognitive Illusions

Voters generally, and prosperous voters in particular, suffer from what I call the mother of all cognitive illusions: they believe that having to pay higher taxes would make it more difficult to buy what they want. Like many illusory beliefs, this one may seem self-evident. And yet, as I will explain, it is completely baseless. Many prosperous voters are of course willing to be taxed more heavily to support the common good. But that doesn’t mean they regard taxes as painless. ….[READ]