Stein presents the most "Roman Catholic" position I've seen yet, not that I find everything has has to say persuasive. His doubts about supply-side economics interest me, but when he says that we had very high marginal tax rates in the 50s and 60s, and enormous prosperity, he neglects to mention that we were the only major industrial power left standing after WWII. The causes of our prosperity had very little to do with high tax rates, and the effective rate of federal income taxation--given loopholes--is not that different than in the fifties and sixties. Although "subsidiarity" as a principle doesn't come up in Stein's interview--and I think it needs to--he puts his finger on the flaws in both Republican and Democratic social thought when it comes to "solidarity": not enough concern for the poor by either party, nowhere near enough concern for the unborn by the Democrats.
The Funny for today from Russ Wood:
Appendix on Supply-Side Economics and Ronald Reagan:
Tax increases (11) during the Reagan Years:
Reagan Tax Increases / Bloomberg Business Week
Reagen Tax Increases / CNN
CBS Reagan and Tax Increases