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Originally Posted by cabo35
My, my, my. After all our lively exchanges you don't trust me. You think I made it up? The link was lifted right out that objective, unbiased network CBS internet page. I'm glad you asked me to print it because there's so much informative stuff in it. Steve Moore has appeared on Larry Kudlow and Bill Maher for balance. This from Kudlow:
Obama believes he can use government, and not free markets, to drive the economy. But on taxes, trade, and regulation, Obama’s program is anti-growth. A President Obama would steer us in the social-market direction of Western Europe, which has produced only stagnant economies down through the years. It would be quite an irony. While newly emerging nations in Eastern Europe and Asia are lowering the tax penalties on capital - and reaping the economic rewards - Obama would raise them. Low-rate flat-tax plans are proliferating around the world. Yet Obama completely ignores this. American competitiveness would suffer enormously under Obama, as would job opportunities, productivity, and real wages.
Can you counter these points or will you just attack the source?
http://www.cbsnews.com/stories/2008/...pinion_3839495 |
Nothing to counter!
You only raise taxes to acquire additional revenue to pay the costs of services provided by the government. When in doubt, you always raise taxes on those who you can get others to believe can afford it more, even if that is not true.
There is no wonder as to why in the past 200+ years European "progress" has been behind that of the US. National trade barriers, restrictionist economic programs and overwhelming social programs (very expensive!) held growth to minimal or minus, and were the catalyst to several wars among the tribes of Europe. Several very smart Europeans a couple of decades ago realized that sometimes good ideas occur on this side of the Atlantic, and mirroring the US as far as regional economic policies, population travel and capacity to work, standardization (in monetary unit and manufacturing) is what the European Union is really about - actually to be the United States of Europe! It works here, so why not there?
Trying to copy old and marginal European social and business programs which have proven to eat away at the country's capacity to sustain itself won't accomplish anything except a replication of the failures. Taxing business to death is what chased many companies from Europe to the US and Asia in the 1950's. Nationalized health care sounds like a wonderful ideal, but the cost for it, and the quality of care, has often proved wanting in areas that have it, and private health care is still often sought due to waiting lists and lack of choice. Basically, governments make lousy HMOs! Everywhere that has done both also has individual tax rates that are immense, leaving the populace with less in-pocket money than their American counterparts for the frill purchases we often view as necessities.
The newer nations in Europe have worked hard not to mimic the "old guard's" way of governing themselves to death. It has worked - not perfectly - but they are trying. The rise in their net worth has raised many an eyebrow in the "established" governments and financial institutions of Europe, and many of these new nations are now viable competitors to the "old guard."
Any political plan to "Euro-rize" anything in America may sound good to some, but it scares me silly.