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John Gaquin
 
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Default More jobless recovery


"John H" wrote in message

You (and I) will have to plan on adding Sept and Oct to the "handout
list" if the dems get us socialized the way they'd like.


I recall talking to a few engineers with whom I worked in Norway back in the
mid 70s. Now granted, that was 30 years ago, and the Scandinavian countries
have had to back off their socialist utopia to some degree, but the basic
principles remain valid.

While nominally employed in the private sector, these guys had had all their
ambition and incentive driven into the ground by the tax structure necessary
to support the government babysitting. What they told me at that time was
that in order to double their after-tax income, they would have to at least
quadruple the pre-tax figure. The horrendous thing is that now, thirty
years later, we're almost there.




 
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