Usually, the law of unintended consequences takes so long to reveal itself that no one remembers the culprits. But the speed at which Congress’s student lending changes have gone south is raising political danger for Democrats, if Republicans had the wit to point it out. (They don’t; that’s why they’re Republicans.)
— “Bailout of the Year’, Wall Street Journal, April 24, 2008, A12
In place of the limitless variety that emerges when individuals plan their own lives in a free society, tax laws strive to impose a dreary sameness—as if every individual should get married, have children, buy a home and save for retirement on a government-approved schedule.