How can you like that raging lefty, Barack Obama, my readers cry?

There are many things I don't like about him, I reply.

But as far as lefties go, he has the right sort of left-wing ideas; he wants to model America on Denmark, not Germany or Italy.

Today he's announced new details of his economic plan. They include an infrastructure plan which will undoubtedly do approximately nothing to increase the rate of economic growth (though it probably won't much harm it, either). But they also include a cause near and dear to my heart: simplifying and lowering the corporate income tax. Obviously, I'd be happier if he'd pledge to eliminate it entirely; I think what taxes we need should be raised through a simple, progressive income tax with few deductions, or Pigovian taxes. Nonetheless, it's a step in the right direction. And a rather brave step. American politicians find it politically nearly impossible to cut the thing, even though it's a stupid, wasteful tax. In the "Only Nixon can go to China" sense, probably only a politician like Obama can do something about it.

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