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Tuesday, December 05, 2006

Taxes - Is America Being Left Behind?

If Democrats get their way - yes.

I had the pleasure of attending a talk yesterday by Steve Forbes. He spoke in length about his famous flat tax proposal, which I fully support. Mostly he illustrated the strong correlation between tax cuts and rising tax revenues which is supported by historical evidence all over the world from all different eras in history.

Countries like Ireland, Hungary, Slovakia, Estonia, Latvia, Lithuania, and Macedonia get it. Now even, western European countries, forced to compete are also considering bold moves to cut taxes - it's happening in Greece, and is being considered in Spain, and Portugal. There is also a Reaganomics revolution now underway in Sweden, after recent elections. Even old Germany is considering lowering the corporate tax rate by 10% now.

Seems like everybody gets it, everybody except US democrats that is.