The EU is giving the US an unintended lesson about incentives (or in this case, disincentives).
"Only in `Alice in Wonderland' could a penalty be seen as promoting the activity on which it is imposed," the European Commission's Ambassador to Washington, John Bruton, said in a statement Friday.Isn't that the truth? How much of that have we been seeing from the Obama Administration lately? (It was something Ayn Rand warned us about over 50 years ago.)
It seems the President and Congress are hell-bent on creating large disincentives for businesses to do well, in effect saying “If you succeed, we'll punish you for it.”
It's become quite obvious they have no understanding of human nature and what drives us to do what we do. If success is punished and sloth rewarded, you will end up with less of the former and more of the latter. Or put another way, “If you tax it, you get less of it. If you subsidize it, you get more of it.”
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