Now is Not the Time to Be More Like Europe


The ongoing crack-up of Europe, and the pending collapse of the Eurozone, is an ugly thing to behold. But their failure can be our gain, if we just learn from their mistakes.

A new video by the Center for Freedom and Prosperity provides 5 lessons from the European fiscal implosion that US policymakers should take to heart. In short:

1) Higher taxes lead to higher spending, not lower deficits.
2) A value-added tax would be a disaster.
3) A welfare state cripples the human spirit.
4) Nations reach a point of no return when the number of people mooching off government exceeds the number of people producing.
5) Bailouts don’t work.

Watch the video for the evidence:

Trending Today
Brian Garst

Brian Garst

Brian Garst is the Director of Government Affairs for the Center for Freedom and Prosperity, a non-profit think tank dedicated to preserving tax competition and free markets. He also blogs at BrianGarst.com.

Related Articles

1

“Mobility Matters: Understanding the New Geography of Jobs”

Interesting interview with economist Enrico Moretti. A growing number of skeptics are questioning the importance of the innovation sector for

17

Supercommittee Democrats Push Stimulus Spending As Part Of Deficit Reduction Deal

No, really. Somehow, these fools think that dumping more money in yet another wasted attempt to hook up campaign contributors

7

Rep. Peter Roskam Starts Ball Rolling On Regulation Scale Back

I spent most of the day on Aug 30 sort of embeded with Congressman Peter Roskam, Republican of the Illinois