Well, that makes sense only if you’re a dogmatic socialist. It makes no sense for someone concerned about prosperity and happiness. Here’s Dan Mitchell, firmly in the latter category analyzing Thomas Piketty, blindly in the former category.
To put it mildly, this plan is absurd. It would impose another layer of government and another layer of tax on a continent that already is suffocating because the public sector is too large.
I’m not the only one with concerns.