Thursday, February 26, 2009

The End of Incentives

It looks as if the upper class will have their incentive to work decreased... Exactly what we need when GDP is already under it's potential. This article talks about Obama's healthcare plan, proposed tax cuts to the middle and lower classes, and the tax increase for the richest Americans. 

While some of Obama's reforms include the government actually saving money, it seems as if the new taxes are a start to lowering our Gini coefficient, and increasing income "equality" in the United States, while increasing healthcare coverage provided by Washington. 

While this isn't necessarily socialism, it sure is a page out of Europe's book...

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