Wednesday, March 4, 2009

Food for Thought: Obama Rejecting Basis of Capitalism?

As offered up by Michael Gerson in today's column for the Washington Post.

While discussing the new Obama agenda of increading taxes only on the prosperous who are most likely to invest capital and create new jobs:
This is not merely the rejection of "trickle-down economics," it is a weakening of the theoretical basis for capitalism -- that free individuals are generally more rational and efficient in making investment decisions than are government planners.