Back in 2010, I noted that the ghost of Louis Brandeis was still haunting us. It’s worse than I thought. There’s an ongoing effort among liberal intellectuals to make Brandeis to the left what Friedrich Hayek or Milton Friedman is to the right.
First The New Republic came out with a huge love letter to the ur-regulator. Now Ian Ayres and Aaron Edlin channel Brandeis in arguing for making the country’s already progressive and complicated income tax code much more progressive and much more complicated.
I’ll ask Steve Hayward to weigh in on this return of progressive intellectuals like Brandeis, but allow me to say that instead of Brandeis, what we need is Bradford, as in the Bradford X tax.