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'Atlas Shrugged': Fiction or Fact?

Stephen Moore has an excellent essay on the relevance of Ayn Rand's classic novel, Atlas Shrugged, in today's Weekend Journal.  In it he highlights a moment near the end of the novel that suggests a direction that might be taken for stimulating our current economy:

(Galt) "You want me to be the Economic Dictator?
(Mr. Thompson) "Yes!'
"And you'll obey any order I give?"
"Implicitly!"
"Then start by abolishing all income taxes."
""Oh, no!" screamed Mr. Thompson, leaping to his feet.  "We couldn't do that! ... How would we pay government employees?"
"Fire your government employees."
"Oh, no!"
(pp. 1100-1, Atlas Shrugged by Ayn Rand. Random House, 1957)

Why not at least reduce all income taxes?  Perhaps to a low flat rate, and then at least abolish the IRS.  Why not eliminate corporate taxes on new business ventures?  Why not encourage investment, entrepreneurship and growth rather than merely increase the Government bloat?  Stephen Moore's article reminds us of the importance of Ayn Rand's thought for our twenty-first century economy.  Will we listen to her?

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