Picture a cozy cafe. At a small table, an economics professor from Paris is chatting with a wealthy businessman from New York.
As they sip coffee, they discuss economic history, and often nod and agree.
Then, as they stand to leave, each states a conclusion drawn from their conversation. But what they say is exactly, completely opposite.
One says economic history proves governments must impose very heavy taxes to break up concentrations of wealth. The other says governments should cut taxes to encourage wealthy people to pursue even bigger profits.