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The progressive, post-World War II welfare state has failed and its continuation is not financially possible.
No truer words have ever been written or spoken!
I can relate to Obama's failed progressive fiscal policy. I have received yearly raises every year since 2007 averaging 2% a year since Obama took office. The increases in health care costs and increase in federal taxes have resulted in my net pay today being the same as it was in 2009. Let's not even get into the increase in property taxes, increase in the costs of living, and the increase in fuel/energy costs. Any and all disposable income has completely disappeared.
As Milton Friedman states in the linked article...
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[T]he record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.