Location: Pantego, Texas, United States

Saturday, September 19, 2009

The United States is going to increase income tax rates to create more jobs. This is contrary to all economic theory. If it works for Obama it will cause all economics texts to have to be re-written. The rest of the world is going the other way, reducing taxes and cutting back on the welfare state, which experience shows leads to secular high unemployment and destruction of the moral fiber of society. Even Sweden, the Mother of welfare states, is now cutting taxes as reported by Powerline.


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