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> The US tax system is King Canute. Interesting, I had never heard this phrase before. Are you referring to this? https://en.wikipedia.org/wiki/King_Canute_and
by concernedctzn 11y ago
> The US tax system is King Canute.
Interesting, I had never heard this phrase before. Are you referring to this? https://en.wikipedia.org/wiki/King_Canute_and_the_waves https://en.wikipedia.org/wiki/King_Canute_and_the_waves
- philiphodgen 11y agoYes that is what I meant. The pointless arrogance of the powerful is the lesson. This is expressed in various ways, from the HN chortling about ignorant legislators attempting to define pi = 3, to the extremely correct observation that the bond market holds far more power than any central bank. Politicians are mortal and fallible.