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Illinois, Obama’s Economic Thought Leader

Well, we had better hope not.  High unemployment combined with a terrible state credit rating.  For the umpteen millionth time, evidence that high taxes and heavy regulation don’t actually work.  I’m not sure a flat tax is inherently “fairer,” in the way that most people use the term.  But it would probably do a better job of rewarding the right traits of entrepreneurship, insight, and competence, with economic success, which amounts to the same thing.

Posted in Business, Economics.

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