A car of interest....

[nookandcrannycar]

Originally Posted by tooter

America has adopted the European model of a taxing regulating litigating cradle-to-grave benefits dispensing liberal socialist bureaucratic welfare state...

...and only because that is what the political majority have demanded it to be.

...and we are going in the wrong direction while some other countries are going in the right direction. The U.S. has the highest corporate tax rate in the developed world. Russia abolished its inheritance tax. Russia has a VAT, but they have a flat personal income tax rate of 13 percent and a tax on dividends of only 9 percent (just a few examples of different, better policies that the U.S. could adopt). People are rightly praising Lady Thatcher today while noting her passing. The U.S. needs a 'kick in the pants' akin to what she gave the UK when she became Prime Minister.