Paul Gregory

Want More “Fairness?” Look to Europe’s Basket Cases

President Obama calls for “social justice.”  He agrees with the motley “occupiers” that the One Percent gets almost everything.  Reagan and the Bush tax cuts burdened us with a tinderbox of inequality, he lectures us. The rich should pay their fair share. “Enough is enough.”  We must create a “just” society that guarantees the poor a dignified life.

In a word, we must become like Europe, for whom Obama expresses open admiration.

Obama apparently does not know that the European countries that have become “fairer” over the past two decades are now basket cases of debt, social unrest, and an unaffordable welfare state.  Those European countries that have had the discipline to become “less fair,” are, in the words of a sympathetic liberal columnist (The GOP scrambles for a bogeyman) “doing well economically, both in absolute terms and in contrast to us.”

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