It has been a constant theme, especially in my earlier writing here at RSE, that America is becoming more and more European, i.e. a social democratic country with an overblown welfare state that - largely unrelated to improving the common weal - is the outcome of the unprincipled compulsion (of our form of democracy) to buy votes and other means of maintaining power. In the meantime, I have come to believe that America has turned European a long time ago, at least in a number of rather crucial issues.
At the same time, I have always supported the Americanization of Europe, i.e. the absorption of America's great tradition of liberty by the peoples my side of the pond. Some of it is happening. Thus, I was made aware of the below article by a German liberty-friendly blog that draws heavily on American sources.
The Wall Street Journal has this to report on "a tax increase for everyone but the favoured wealthy few":
In praising Congress's huge new tax increase, President Obama said Tuesday that "millionaires and billionaires" will finally "pay their fair share." That is, unless you are a Nascar track owner, a wind-energy company or the owners of StarKist Tuna, among many others who managed to get their taxes reduced in Congress's New Year celebration.
There's plenty to lament about the capital and income tax hikes, but the bill's seedier underside is the $40 billion or so in tax payoffs to every crony capitalist and special pleader with a lobbyist worth his million-dollar salary. Congress and the White House want everyone to ignore this corporate-welfare blowout, so allow us to shine a light on the merriment.
The entire article.