Elect Phil Gramm!
MichaelW on Jun 28 2008 at 5:13 pm | Filed under: Domestic Politics, Economics, Election 2008, MichaelW's Page
From an interview by Stephen Moore (HT: GR):
So what if a President Barack Obama were to impose 50% or 60% tax rates on these CEOs and other big earners? Mr. Gramm pounces: “When you help a company raise capital, to put its idea to work, and you create jobs, those jobs are the best housing program, education program, nutrition program, health program ever created. Look, if a man in one lifetime is responsible for creating 100 real jobs, permanent jobs, then he’s done more than most do-gooders have ever achieved.”
And this:
“Why is America the richest country in the world?” he asks. “It’s not because our people are more brilliant; it’s because we have a better free-market system. Why has Texas created 1.6 million jobs in the last 10 years whereas Michigan has lost 300,000 jobs and Ohio has lost 100,000 jobs? Because governance matters, taxes matter, regulation matters. Our opponents in this campaign are so dogmatic in their goal of having more government because they love the power it brings to them that they’re willing to let it impose costs on the working people that they say they want to help. I am not.”
Gramm is apparently advising John McCain’s campaign. It could use the help.
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