You know it’s bad when even the EU thinks France taxes too much!
There’s a tendency in public life to exaggerate the positive or negative implications of any particular policy.
This is why I try to be careful not to overstate the potential benefits of reforms I like, such as the flat tax. Yes, we would get better growth and there would be less corruption in Washington, but tax reform would not be a panacea for every ill. Many other policies also need to be fixed to generate sustained prosperity.
Likewise, I’m obviously not a fan of Obamacare, but I try to remind people that our system was already messed up even before Obama was elected. As such, repealing Obamacare – while the right thing to do – is just one of many things that need to happen to restore a competitive and efficient healthcare system.
Now that I’ve warned about the risks of overstatement, I’m going out on a…
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