Magical thinking examples1/15/2024 In health care we have raised magical thinking to an art form. Similarly, Democrats argue that raising taxes on the rich spurs middle class job growth and returns the middle class to prosperity, when in reality the forces of globalization and technology (beyond the control of even presidents) continue to widen gaps between rich and poor. Instead the loopholes are left to the imagination, and magical thinking, about how the deficit can be reduced by cutting public broadcasting and foreign aid, both minuscule shares of the budget.) (It would also be nice if the closed loopholes were specified: namely mortgage deductibility and health insurance deductibility. Republicans confidently assert that cutting tax rates for the wealthy will simultaneously grow the economy and not add to the deficit, even though the dismal economic performance from 2000–2007 suggests that precise strategy failed. Easy.īoth parties have demonstrated an astonishing capacity for magical thinking in the run up to the election. Bad stuff will happen, then we will do something to, then magical thinking happens and the world becomes a better place. Otherwise we’d spend our entire lives going: “Say what?!!” But in our national political discourse (and in health care in particular) we have elevated magical thinking to our basic operating model for the future. Magical thinking is about engaging in causal fallacies.
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