Speaking of economic illiteracy, some House Republicans want to raise the income tax rate from 37% to 40%. The best response to this comes from our favorite billionaire these days, Elon Musk:

“It does not make sense to take the job of capital allocation away from people who have demonstrated great skill in capital allocation and give it to, you know, an entity that has demonstrated very poor skill in capital allocation, which is the government. I mean, if you think of the government essentially as a corporation in the limit, the government is simply the biggest corporation with the monopoly on violence and where you have no recourse. So how much money do you want to give that entity?”