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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (93520)1/4/2005 1:26:09 AM
From: KLP  Read Replies (1) of 793755
 
If we in the US are not very careful, this will happen here as well.Just look at the growth of Socialist/Marxist groups like MoveOn, ACT, Ramsey Clarks "stuff" and all the "Progressive" others.

Wonder how many of our new House and Senate will read this article, and think about it....?

>>>>> Already, high European taxes make the European model look obsolete. European and U.S. workers are about equally productive per hour worked. But Americans work 50 percent more than Germans, French and Italians. In the 1970's, Western Europeans actually worked more than Americans. But as taxes rose and incentives to work diminished, Europeans cut back their hours or dropped out of the labor force.

Some economists, like the Nobel laureate Edward Prescott, believe higher tax rates explain the drop in work. Others believe cultural preferences also played a big role. Either way, high taxes have made Europe less productive just as it needs high output to support its retirees.<<<<<
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