In a recent speech to Young Americans for Freedom, former Speaker of the House Newt Gingrich asked rhetorically, "Do you want to create jobs as rapidly as China? The Chinese pay zero capital gains tax. If we had zero capital gains tax in the United States, we'd be building factories, founding companies, creating jobs, we'd be dramatically better off."
I believe we should emulate the Chinese model more extensively: let's have millions of Americans work in sweatshop conditions, pay them wages far below the poverty line, refuse to allow them to unionize, pack them into dormitories that make the Projects look like the Upper East Side, and cause anybody who objects, quietly to "disappear." After all, when you're earning 30 cents an hour, you won't have many capital gains to report anyway, so you might as well get rid of the tax.
Or, as Jon Stewart put it, the way to defeat socialism is.... communism!
ReplyDeleteIronically enough, Wal-mart had problems going into China because of China's compulsory unionism. Funny how Wal-mart workers are better protected in China.