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IBD: So Long To Capitalism ... And Then Some?

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  • IBD: So Long To Capitalism ... And Then Some?

    Not pulling any punches.

    http://www.realclearmarkets.com/arti...me__98410.html

    "...

    Can Americans regain control of their country from the ever-expanding progressive state? Can our once-healthy free-market economy be taken back from its federal overseers?

    Recent studies show that Americans are more dependent than ever on government - the biggest threat to their freedom of all. According to the Tax Foundation, 60% of households in America in 2004 received more in benefits and services from government than they paid in taxes. Under President Obama's massive spending hikes, that will soon rise to 70% or more.
    For these folks to remove the yoke of government will take great willpower. Little by little, they are swapping their freedom for the comfort of government support and the top-down control that goes with it.

    We find ourselves led by people who would weaken the Constitution's literal and ancient meaning in favor of a "living document" that guarantees literally nothing. As a result of the state's creeping hegemony, the republic we inherited and the unalienable rights we were guaranteed have never been more threatened."

  • #2
    Re: IBD: So Long To Capitalism ... And Then Some?

    Pretty narrow definition of capitalism IMO.

    And if it doesn't exist here, it doesn't exist anywhere I guess. IIRC the US has the 5th lowest tax rate as a % of GDP among the OECD states and only Mexico is significantly lower.

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    • #3
      Re: IBD: So Long To Capitalism ... And Then Some?

      Taxes, Free-markets, and capitalism are only coupled in theory or dogma.

      Free markets work.

      Capitalism can work but only to the limits of human self discipline and morality.

      Taxes are necessary because government is necessary. Government is effective only to the limits of human self discipline and morality.

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