To: BenLurkin
I only have one word for those who want to discredit Friedman's economic models: ESTONIA!
For those unfamiliar with Estonia, when they left the Soviet Union they were one of the poorest nations in Europe. High inflation, 35% unemployment, it was a mess. They introduced the economic models of Milton Friedman which included eliminating corporate taxes and instituting a flat income tax. Today it is the largest growing economy in Europe and businesses are flocking in to rake advantage of the lenient tax structure. My one question is, why can't we do that here?
13 posted on
01/30/2007 12:47:25 PM PST by
Russ
To: Russ
Answer, too many leftists. The Democrats don't want to change our economic model from the modified new deal model that allows too much government manipulation. Congress doesn't want to give up its powers to play with targeted tax breaks and the appropriations process. A flat tax or consumption tax would make sense, but even the GOP could not agree (when they had the power). Some GOPers wanted flat, others FAIRTAX, others just reduce rates, others no change.
Milton Friedman was so important to reverse the socialistic and collectivistic economic policies inaugurated in the 30s. Change will take time, and we need more statesmen in Congress to do what is right for America, not to buy votes or pay off campaign contributors.
To: Russ
My one question is, why can't we do that here?
RATS and RINOS.
27 posted on
01/30/2007 1:23:23 PM PST by
wjcsux
(There is no end to the good, that do-gooders will do, with other people's money.)
To: Russ; GeorgefromGeorgia; wjcsux
My one question is, why can't we do that here? Because the democrat party must have victims in order to survive.
Because a prosperous America with low unemployment, high economic growth and an increasing standard of living means government subsidy to individuals is not needed.
Central planning and economic equality, in poverty if necessary, is the goal of the left.
36 posted on
01/30/2007 3:31:40 PM PST by
Jacquerie
(Democrats soil institutions.)
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