Blog Smith: European Left Does the Obvious? Lower Taxes, Increase Growth?

Tuesday, June 30, 2009

European Left Does the Obvious? Lower Taxes, Increase Growth?

Amid the unrestrained deficits and the increasing bureaucratic regulation emerging from Washington, Hungary's minority Socialist government passed a crucial test when parliament approved key 2010 tax changes to help the country recover from its worst recession in almost two decades.

In addition, leftist German Chancellor Angela Merkel defended her plan to cut taxes despite the country's soaring budget deficit as she introduced her conservative alliance's manifesto.

Lower incomes taxes would "provide motivation" and encourage economic growth, Ms. Merkel told a conference of her party, the Christian Democratic Union, and its Bavarian sister party, the Christian Social Union.

"It would be wrong not to do what is right and necessary for growth, and so prevent ourselves emerging quickly from this crisis," Ms. Merkel stated.

The U.S. could take a hint, ironically from the European Socialist left, to increase growth and prosperity, and release the American people from bondage and regulation. If the economy is to grow it should be unfettered which even the Socialists realize.

Reading since summer 2006 (some of the classics are re-reads): including magazine subscriptions

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Weber, Karl, Editor, Lincoln: A President for the Ages;
Website Magazine: The Magazine for Website Success;
Weiner, Tim, Enemies: A History of the FBI;
Weiner, Tim, Legacy of Ashes: The History of the CIA;
West, Bing, The Strongest Tribe: War, Politics, and the Endgame in Iraq;
Wharton, Edith, The Age of Innocence;
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Wissner-Gross, What Colleges Don't Tell You (And Other Parents Don't Want You To Know) 272 Secrets For Getting Your Kid Into the Top Schools;
Wissner-Gross, What High Schools Don't Tell You;
Wolf, Naomi, Give Me Liberty: A Handbook for American Revolutionaries;
Wolf, Naomi, The End of America: Letter of Warning to a Young Patriot;
Woodward, Bob, Plan of Attack;
Woodward, Bob, The Agenda: Inside the Clinton White House;
Wright, Lawrence, The Looming Tower: Al-Qaeda and the Road to 9/11;
Wright-Porto, Heather, Beginning Google Blogger;
Xenophon, The Anabasis of Cyrus;
Yergin, Daniel, The Prize: The Epic Quest for Oil, Money, & Power;