Capitalism is under attack by leftists who want to remake the United States into a European-style welfare state. The Obama administration's corporate bailouts, excessive spending, and sweeping expansion of government interference in the private economy are undermining our economy and the hopes and dreams of future generations. History suggests these policies—if left unchecked—will prove disastrous.
The Road to Prosperity is a clarion call for a return to the principles that support economic growth, individual opportunity, and freedom. Written by former Pennsylvania congressman and president of the Club for Growth Patrick Toomey, The Road to Prosperity is a masterful critique of leftist economic fallacies and an eloquent exposition of the superiority of free-market capitalism as a creator of prosperity and human happiness.
Throughout this book, Toomey argues that we should cut taxes, reduce government spending, and end the government micro-management of banks, carmakers, and other troubled companies. Specifically, a simple, three-year moratorium on corporate taxes or a two year, 50% reduction in payroll taxes would cost the same as the stimulus bill, but would provide far more stimulus to the economy. And instead of propping up failing companies with taxpayer money, Toomey asserts we should allow these companies to file for bankruptcy and reorganize, which would free up investment capital for new, more promising enterprises.
A brilliant exposition of today's economic problems and a spirited defense of capitalism, The Road to Prosperity explains what we need to do to revitalize our economy and restore the American Dream.