by Brian Garst | November 19, 2011 7:04 pm
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[1] 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:
Source URL: https://rightwingnews.com/videos/now-is-not-the-time-to-be-more-like-europe/
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