Too many times I hear this argument: "They do this in Europe" usually this is from someone left of center. I don't suppose that this argument holds water given the crisis in Greece and Italy as well as Ireland and Portugal. What most people don't understand is that what may work in Europe most likely will not work in the US: Why? Cultural. Look at starting a business, in the US you could start a business in many states in a day, in Europe to start a business may take months. My friends in Europe discuss capital requirements: "money in the bank" before you can get a business license ... I started my business with nothing more than the filing fee required to register the business. The problem this causes is opportunities are missed not because of lack of motivation and the willingness to risk and fail, but because the government sets limits on someone's "pursuit of happiness" think about that ... Our constitution is all about freedom and the ability to risk failure in the "pursuit of happiness".
