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 on the Web
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

6

Moody’s: U.S. Spending Risks Credit Rating

What is astonishing about the Moody’s credit rating is that America still has Aaa standing at all. From Mary Childs

3

Too Big To Fail? Too Big For A Government Takeover.

The Marxist appetite that has helped drive the Left to attempt to permanently embed itself in the nation’s banking and

7

Actor Ruffalo Wants Obama to Turn Army Corps of Engineers Political

Mark Ruffalo — you know, the millionaire actor that claims to be part of the 99% — may not be