Monday, December 19, 2011

Jeb Bush's answer to inequality: less taxes and regulation.


We either can go down the road we are on, a road where the individual is allowed to succeed only so much before being punished with ruinous taxation, where commerce ignores government action at its own peril, and where the state decides how a massive share of the economy's resources should be spent.

Or we can return to the road we once knew and which has served us well: a road where individuals acting freely and with little restraint are able to pursue fortune and prosperity as they see fit, a road where the government's role is not to shape the marketplace but to help prepare its citizens to prosper from it.

In short, we must choose between the straight line promised by the statists and the jagged line of economic freedom. The straight line of gradual and controlled growth is what the statists promise but can never deliver. The jagged line offers no guarantees but has a powerful record of delivering the most prosperity and the most opportunity to the most people. We cannot possibly know in advance what freedom promises for 312 million individuals. But unless we are willing to explore the jagged line of freedom, we will be stuck with the straight line. And the straight line, it turns out, is a flat line.

1) The current tax rates aren't "ruinous" -- they're at historic lows.

2) When was this era when individuals acted with "little restraint" that produced widespread upward mobility? Because from 1945-1975 there was lots of upward mobility -- to go with extremely high taxes and ever-expansive regulations.

3) If lower taxes and less regulations are the answer to better upward mobility, why have middle class wages been flat and wealth inequality increased since the Reagan revolution?

Bush Republicans would make great Stalinists. The revolution of lower taxes and less regulation cannot fail, comrades! It can only be betrayed!

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