Wednesday, November 28, 2012
Inside the Mind of Mankiw: A Dialogue
Over the weekend Greg Mankiw was moved once again to speak out against increases in the top marginal income tax rate. Rather than threatening a massive withdrawal of human capital, Mankiw took a different approach. Instead he created an imaginary internal dialogue between a "moderate" Obama and a "liberal" Obama. I've always enjoyed this type of dramatic device, so I thought it'd be fun to imagine the dialogue between "libertarian advocate" Greg Mankiw and "rational actor" Greg Mankiw. Here we go!
LIBERTARIAN MANKIW: Oh boy -- it looks like the top tax brackets are about to get jacked up! This is terrible!
RATIONAL ACTOR MANKIW: Just like in 2008 and 2010, when we predicted that the John Galts of the world would deprive the world of their talents? Wake me in another two years.
LIB: But this time it might actually happen! Obama is talking tough, Boehner is showing signs of weakness, and most people actually think it's not a bad idea!
RAT: Sorry, but I can't get too worked up over this. Maybe we can just run that 2010 column again.
LIB: For a third time? I'm not sure it was so persuasive the first two times. I think we need a new strategy.
RAT: The Times doesn't pay us nearly enough for these columns. I don't get out of bed for less than $10,000.
LIB: But this is our chance to shape the minds of America!
RAT: You mean the minds of Times readers. These are folks who advocate for higher taxes while reading about "reasonably priced" Massimo Dutti fashions.
LIB: Yes, precisely! They're torn between an ideological desire for higher tax rates and a personal desire to have more money.
RAT: Everyone wants more money.
LIB: Exactly! So we have to come up with some excuse to get them off this line in the sand about raising the marginal rates for incomes over $250,000. Obama doesn't really want to raise taxes, either -- he wants some sort of Grand Bargain that shows compromise and bipartisanship. How do we do this?
RAT: This sounds too hard. Are you sure we can't three-peat?
LIB: Hmmm. We just need some literary device . . . .
RAT: How about a column set in the future, designed as a warning about the present? Those always have the subtlety of a sledgehammer.
LIB: We did that already.
RAT: I know -- but when has that stopped us?
LIB: Hmmm. . . . If I could only get inside Obama's mind, and know what would be most convincing . . . . That's it!
LIB: I'll write a column as if I'm inside Obama's mind!
RAT: But what do you know about Obama? You were an advisor to Romney.
LIB: It's a dramatic device! I can put words in his mouth, and they'll sound like he's saying them.
RAT: So we're going to have the President parrot our economic policies? Sounds convincing.
LIB: Don't be sarcastic. We'll have a "moderate" Obama who parrots our positions. But then we'll have a "liberal" Obama who represents the left.
RAT: You mean a caricature to which we can attribute extreme positions? Like a desire to raise taxes to 73%? To create a European-style safety net? To push the country into recession? To make the country more like California and . . . France?!?
LIB: You betcha! The "moderate" positions will look positively benign in comparison.
RAT: But the moderate policies will just be a warmed-over version on Romnomics, no?
LIB: Sure. What's your point?
RAT: I'm sure that'll be convincing. I better go make some real money before the tax rates go up. I'm extremely sensitive to those, you know. Oh, one last thing -- are you sure this won't sound like a stilted version of a sixth-grade play?
LIB: Well, these imagined dialogues are tough to pull off. I'll do my best. Let's see --"It’s fun to make the plutocrats squirm." That's great -- liberal Obama would totally say something like that.
RAT: Hey, if this thing actually does take off, make sure we own the rights to these characters. I can see "liberal and moderate Obama" T-shirts, mugs, salt and pepper shakers . . . . Can we start a couple Twitter feeds?
LIB: "Are you nuts? I don’t want to become France." You get 'em, moderate Obama!
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Herman's Head! No way! Kudos on the reference.
And where do I get one of those t-shirts?
Posted by: SparkleMotion | Nov 28, 2012 7:21:30 PM