Friday, May 27, 2005

Egypt gets what the Democrats don't

From the 27-May-2005 Wall Street Journal:

Egyptian Finance Minister Youssef Boutros-Ghali could have been describing Argentina when he told us that under the traditional state system, "Government is a predator and the citizen is the prey. You pounce on him and you squeeze him all you can." Egypt wants to break with that tradition so as to attract capital and boost economic activity. Speaking like a Reagan supply-sider, Mr. Boutros-Ghali offered that any revenue loss under his tax plan to cut rates and provide an amnesty would be offset by higher growth and more taxpayers coming into the formal economy.
How well this describes Oregon's view of its taxpayers.

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