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Japan’s ‘Lost Generation’ of Economic Growth: Blame High Taxes

John Fund, National Review

The key to revitalizing the American economy and creating good jobs is to pass tax reform this year. It will be no panacea, but the absence of real structural changes in our tax code for the past 30 years has clearly set us back. Now is the time to seize the opportunity for change. If we flub it, we could face a Japanese-style sluggish economy that could sap our innovative spirit and also create social tensions.

http://www.nationalreview.com/article/453883/japanese-economy-high-taxes-over-regulation-cautionary-tale