-- John William Gardner (1912 - 2002), President of the Carnegie Corporation and Secretary of Health, Education, and Welfare (HEW) under President Lyndon Johnson, The Recovery of Confidence (1970), p. 152
Tuesday, January 27, 2026
Affluent Misery
Tax reduction has an almost irresistible appeal to the politician, and it is no doubt also gratifying to the citizen. It means more dollars in his pocket, dollars that he can spend if inflation doesn't consume them first. But dollars in his pocket won't buy him clean streets or an adequate police force or good schools or clear air and water. Handing money back to the private sector in tax cuts and starving the public sector is a formula for producing richer and richer consumers in filthier and filthier communities. If we stick to that formula we shall end up in affluent misery.
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