Socialism failed in Russia and China both in theory and in practice. Should US and EU try socialism? NO!

Russia and China may teach US and EU a big lesson about socialism. Socialism failed in Russia and China both in theory and in practice. Should US and EU try socialism? NO!

The world's two most powerful economies the US, and EU are endangered by a dead wrong socialist philosophy of a big government and higher taxes.

The western world is entering a new beginning of a movement that will change the direction in politics to smaller government and lower taxes.

Is a 10% tax system possible in the US and EU?

Let's shed some light using the example of Albania, a former Communist country which moved to capitalism recently in a move aimed at creating a friendlier investment climate, creating jobs, and making the economy more competitive.

The Albanian Government lead by Prime Minister Sali Berisha approved a fiscal package in 2007 that included implementing a 10% flat tax for corporate and personal income. That is the lowest level of taxes in Europe. From 2007 Albania has the best economic growth in Europe. Investments have increased 59% in 2009--the largest increase in the world.

Tourism in Albania also had the best increase in the world with 42% growth last year. Unemployment has dropped in recent years. The Albanian government is looking to have a smaller administration and digitized all government agencies to spend less and have more effective government with less bureaucracy.

The Albanian Government is spending most of the tax revenues on infrastructure and education, not on worthless social programs like in the US and EU.

When the promises of the governments in US and EU go unfulfilled. When the checks no longer arrive. When the higher taxes appear not only on pay stubs, but on everything we must buy to survive. Perhaps then, the true believers of big government, high taxes, will no longer care about pointing the finger of blame at a prior administration.

The people will begin to become doubters, then angry disbelievers. Then a new revolution will emerge, with common sense idea of small government and low taxes.

A flat 10% tax system will be the new big thing. People will realize thet thay can spend ther money better and more effectively than the government dos.

Why in the world are the American people paying for President Obama and White House at a rate of billions of dollars so the president can have air planes, helicopters, limos,chefs, clothes, staff and much, much more . The White House spends millions every day. President Obama promised to change Washington! Did He? Not at all! He is the biggest spender in the history of the USA.

Why didn't Mr. Obama stop spending taxpayers money for himself? Stop using any thing but his pay check? Why can't Queen Michele Obama cook dinner for her family?. What's she need staff for?

I admire NYC major Michel Bloomberg because he takes the train to work and gets paid $1 a year salary. Mr. Obama, you said you would serve this country. No,this is not true . We are serving you with millions of dollars you spend every day for yourself your family and friends. Mr. President, you do need protection, but that means the Secret Service and nothing more. You have a free house and utilities and salary, so stop spending if you really care about working class in America.

Mr President do you feel any guilt seeing how much money is spent for your benefit? How many unneeded staff do you have? How in the world can you look in the eyes of poor Americans and say you are fighting for them?

If you change this way of life Mr. Obama I guarantee the rest of the world will follow you. You can lead to a new beginning, You do have ability to do that. You can change the concept of government worldwide to a new real meaning of what the government must do. Serve the people. The US and EU need to reduce the deficit and impose fiscal restraint on government spending.

But when you raise taxes and you still expand the deficit that is insanity. That will bankrupt any nation. The American and European way of life needs to be rebalanced. Households need to stop spending what they don't have. Local and state governments need to slash their budgets to live off whatever tax revenues they generate. From a new 10% flat tax system.

The federal government in the U.S simply has to say no to congressional pet projects. No to the countries who laugh as they spend our money - and most of all to failing social programs and corporations who lobby their way into getting taxpayers to foot the bill for their greed and shortsightedness

Source:online.wsj.com/