Quote:
Originally Posted by GGG
So are you suggesting that the US is at the goldilocks tax and regulation rate?
I'd argue they are the best example of under regulation and under taxation at the expense of the average person in favour of concentrating wealth. And that in this tax environment which doesn't support public health and education. The long term issues this will create will reduce Labour participation and the average educational attainment of the workforce which in turn will harm the economy more than increasing taxes would at this point. You are absolutely right that there are trade offs to be made for increasing taxation and regulation. In the position the US is in those are good trade offs.
Natural Gas prices killed the coal industry not Obama. No one would ever build a coal plant now compared to gas regardless of economic/environmental regulations.
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It's getting more taxed and regulated every year it seems. Trump gets elected and wants to reduce spending and deregulate the economy (the right thing btw) and all hell breaks out.
Of course you would argue that, you seem to be one of those in favor of big government types that squashes the individual. What you fail to understand is that these regulations and taxes actually make it harder for small business to compete with these mega corporations that are in bed with the government.
I don't think it's the best use of government to have them handling public health, education and wealth redistribution, they are clearly not very good at what they currently manage.
Yeah the innovations in natural gas definitely did contribute, but so did Obama's regulations. If you want a better system for energy, let the innovation come from the free market and keep government intervention to a minimum. I think everyone is for cleaner energy, it just has to make fiscal sense.