If there’s a positive to the leftward economic lurch among our political class, it has to do with the certainty that the imposed initiatives will fail. No matter the political party or supposed ideology overseeing it, when politicians seek to share the gains of the productive, their efforts come up short. Simplified, collectivism applied is collectivism’s capitulation.
So while there’s good reason right now to be pessimistic, there’s also reason to be optimistic given the certainty that we’ll eventually move in the other direction. On the tax front, whatever the result of President Obama’s attempts to move the cost of success upward, his efforts insure a strong response from those eager to simplify the income tax, or abolish it altogether.
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