Friday, August 17, 2012

David A. Stockman

America has some of the highest labor costs in the world, and saddles workers and businesses with $1 trillion per year in job-destroying payroll taxes. We need a national sales tax — a consumption tax, like the dreaded but efficient value-added tax … Thirty years of Republican apostasy — a once grand party’s embrace of the welfare state, the warfare state and the Wall Street-coddling bailout state — have crippled the engines of capitalism and buried us in debt. Mr. Ryan’s sonorous campaign rhetoric about shrinking Big Government and giving tax cuts to “job creators” (read: the top 2 percent) will do nothing to reverse the nation’s economic decline and arrest its fiscal collapse.

1 comment:

  1. Paul Ryan’s Fairy-Tale Budget Plan

    by David A. Stockman

    http://www.nytimes.com/2012/08/14/opinion/paul-ryans-fairy-tale-budget-plan.html

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