At least as it’s measured by statistics.
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Here’s an argument I have heard multiple times from people on the left side of things: yes, this policy may shave half a percentage point or so from the growth rate, but do people want to be a few percent richer if they have to live in a more unequal society?
If this was true, then why is there nobody on the Left celebrating the last few years? They could even hail Obama as a great leftist: for the moderate price of a less than a percentage points of GDP growth (growth just below 2% instead of just above it), inequality is coming down. Seriously, has anybody actually stood up and said this economy is what we’ve been fighting for? Without too much searching, I think the answer is No.
In abstract, sacrificing just a few percentage points of GDP sounds easy. In practice, it’s actually pretty nasty.
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Do people want to be a few percent richer if they have to live in a more unequal society? Yes.
At least as it's measured by statistics.
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Here's an argument I have heard multiple times from people on the left side of things: yes, this policy may shave half a percentage point or so from the growth rate, but do people want to be a few percent richer if they have to live in a ...
Herman Cain wants to make the US tax code more like a typical European country (i.e., less progressive, broad base, more consumption based). I agree with this.
Rick Perry’s fascination with a model of strong states and a weak, mostly coordinating, centre could have as its model, the European Union. Even the hard money advocates, like Perry and Boehner, could be interpreted as saying “we want the Fed to be more like the ECB”.
I have to conclude that there is an undercurrent of closet europhilia in the Republican Party.
Herman Cain wants to make the US tax code more like a typical European country (i.e., less progressive, broad base, more consumption based). I agree with this.
Rick Perry's fascination with a model of strong states and a weak, mostly coordinating, centre could have as its model, the European Union. Even the hard money advocates, ...
