How Badly Do You Want to Be European?

Mike Gonzalez / July 17, 2009

President Obama’s health care takeover will not just force most Americans into a government-run insurance plan, it will also give us European-style tax rates. Actually, we will be taxed at higher rates than most Europeans.

Yes, that’s right. No need to do a double take. In order to pay for the White House’s dreams, Americans will be taxed at a higher top marginal rate than most Europeans, including the French, the Germans, and the Spanish.

The White House and the President’s supporters in Congress will soon swing into gear with their slick PR machine and will tell you that this is all scaremongering—and stenographers in the media will be all-too ready to amplify the message. It is, alas, not scaremongering. (more…)