Richard Epstein on Obama's Jobs Plan

http://www.futureofcapitalism.com/2011/11/richard-epstein-on-obama-jobs-plan

Libertarian law professor Richard Epstein writes about President Obama's jobs bill that its strategy "is to take money out of the private sector and put it into government. The substitution will not be on a dollar-for-dollar basis, because the bill's transitional tax provisions will impose large costs on the economy. The upshot is that there is in fact a huge chance that the loss of private sector capital caused by this bill will see the elimination of more jobs than this dubious stimulus program can create."

by Editor  |  Nov 3, 2011 at 3:16 pm Related Topics:  Education, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list