There’s an article at Democracy that conjoins a number of my favorite topics: the limits of the tax code in producing social welfare, “shared capitalism”, value-added taxes, and Section 162(m) of the Internal Revenue Code. I doubt that any single law has done more harm to the United States other than, perhaps, the Federal-Aid Highway Act of 1956.
And what’s your beef with the Federal-Aid Highway Act of 1956?
Ecologically unsound, economically inefficient, and presents too many opportunities for graft and corruption.