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:
My buddy Eric Morris put together this video with Jimmie Bise as part of their “rally cry” series. Enjoy!
It seems like a foolish move by Volkswagen for allowing the United Auto Workers (UAW) to organize its American plants.