Month: October 2008

Why the Really Rich Love Socialists

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This article [h/t Instapundit] shows that the U.S. has a more progressive tax code than the democratic-socialist states of Europe. 

Such a state of affairs should not come as a surprise. Our own history shows that the very wealthy benefit from leftist policies of high tax rates, “targeted” taxation and industrial policy.

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Important Reading

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Fouad Ajami on Obama and the politics of crowds. Excerpt:

My boyhood, and the Arab political culture I have been chronicling for well over three decades, are anchored in the Arab world. And the tragedy of Arab political culture has been the unending expectation of the crowd — the street, we call it — in the redeemer who will put an end to the decline, who will restore faded splendor and greatness.

Via Betsy, who has some interesting commentary:

I heard Mark Steyn say the other day that so many schools today have posters with abstract nouns in the halls like Achievement, Effort, and Character and that it’s no coincidence that a generation educated among such posters would fall hard for a candidate of Hope and Change.

Obama, the Democrats, and the Economy–continued

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(This is a continuation of my post on the election and the economy from several days ago. At that time, I focused on energy and trade; in this update, I also talk about small business, the demonization of entire industries, the micromanagement of innovation, the proposed elimination of the secret ballot in union elections, and corporate tax policy.)

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