Day By Day July 19, 2010 – Taxing It All
Socialists like Castro, Hugo Chavez and Barack Obama will tax the air you breathe if it brings about the redistribution of income they covet. But, this scheme does NOT work – not even in a utopian police state like the Soviet Union.
Remember?
The current American economic morass was created by government largess in the housing market and “cheap” money. But over regulation of financial markets/business to redistribute economic activbity will NOT solve anything.
The latest unemployment figures for the State of Nevada are out this morning and they are NOT good – 14.2%.
If the President does not take some constructive pro-market economic action by the Fall, he and the Democrats will suffer massive losses at the polls – and, then, the Republicans will do it.
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