Today’s MUST READ post
By Gator Doug
Comes from Steve, The New Progressives
There can be no equality or opportunity if men and women and children be not shielded in their lives from the consequences of great industrial and social processes which they cannot alter, control, or singly cope with.
Early in the last century, Woodrow Wilson instituted a new tax (the income tax) and railed against ‘greedy corporations’ and ‘fought for the common man.’
One hundred years later, the New Progressives are repeating history and are trying to introduce another new tax. The Value Added Tax:
Paul Volcker, chairman of the President’s Economic Recovery Advisory Board said during a speech last week to the New York Historical Society that a VAT is not a bad idea for raising revenue. Volcker said it might be unpopular, but would have to be considered to cover entitlement spending.
“If at the end of the day we need to raise taxes, we should raise taxes,” he said.
Another favorite theme of the Progressives in the Wilson era was evil corporation and evil business. Today. the New Progressives are continuing the theme with an attack on Wall Street. Of course, they call it “Reform“:
Read the whole thing! It is a great, insightful post
Gatordoug
darcprynce
Dave C
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