Fairness or Fairy Tale?

It’s been a bizzy week.  This repeat from ten years ago deals with a topic that has become a central issue in People’s Economics – fairness.  This first treatment of the topic wasn’t very helpful.  But it’s an interesting starting point.

Fairness is an important concept in this thing we call Civilization. If we all lived as hunters and gatherers on the grasslands, we wouldn’t have a lot of interaction with large groups of people. The inevitable disputes that arise could be settled by a simple code or the intervention of an elder.

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Taxing Returns

Why hasn’t Mitt Romney released more than one year of tax returns? “The cost of not releasing the returns are clear,” said conservative columnist George Will, on ABC’s “This Week.” “Therefore, he must have calculated that there are higher costs in releasing them.”  Will has a reputation for being particularly honest when his side is screwing up, but he’s far from alone in his assessment.  It’s far more damning when Bill Kristol weighs in – “He should release the tax returns tomorrow. It’s crazy,” Kristol said on “Fox News Sunday.” “You gotta release six, eight, 10 years of back tax returns. Take the hit for a day or two.”

Why are the conservative pundits hitting this so hard?  What’s at stake here is not just Romney’s candidacy or even the whole Republican ticket that wants to keep the US House.  There is a core myth that has driven Republican rhetoric for decades based on a concept of “fairness” that could come crashing down if this plays out badly – and the pundits know it.

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