30 November 2012

Is Any Taxation Sustainable in the Long Term

ObamaTaxtheRichCongress

Now the AMT. This latest story from CNBC: "One of the key questions lurking in the 'fiscal cliff' talks – though well below the public's radar." In fact, again, I asked Senator McConnell about it on the phone today…


Eat, er, I mean tax the rich. Because taxing the top 1% income earners will run the US budget for at least a few weeks worth of unfunded liabilities, outside of the regular education, healthcare, and warfare state budgets. Yeah, that's the trick...

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