Barack Obama would never say it is his intention to make the U.S. go stagnant by suppressing wealth creation in return for a Faustian deal on social equity. But his health system required an astonishing array of new taxes on growth industries. He is raising taxes on incomes, dividends, capital gains and interest. His energy reform requires massive taxes. His government revels in “keeping a boot on the neck” of a struggling private firm. Wall Street’s business is being criminalized.
Economic stagnation arrives like a slow poison. Look at the floundering United Kingdom, whose failed prime minister, Gordon Brown, said on leaving, “I tried to make the country fairer.” Maybe there’s a more important goal.
A We’re-Not-Europe Party would promise the American people to avoid and oppose any policy that makes us more like them and less like us.