Friday, March 28, 2008

Capital Idea

After stating we're in a recession (we're not, and he probably knows it...but he can also read polls), Barack Obama surveyed the scene and decided the problem is we have too much money. So it's time to raise the capital gains tax. But only 33% to 67% higher than it is now, so it won't distort economic decision making.

You know, not having the money you had before, that tends to distort your decisions no matter how it's done.

4 Comments:

Blogger VermontGuy said...

I believe Megan McArdle said it best: What most of us are really in favor of is higher taxes on other people. If we wanted higher taxes on ourselves, we'd give the money to charity.

4:54 AM, March 28, 2008  
Blogger New England Guy said...

Offpoint but this is what term limits was about as well- we didn't want to vote out our hack- we wanted to stop the other slobs from constantly voting in theirs.

9:46 AM, March 28, 2008  
Blogger LAGuy said...

Wasn't it Michael Kinsley who had that line about term limits: "Stop me before I vote again!"

11:26 AM, March 28, 2008  
Anonymous Anonymous said...

Too cute by half, LAGuy.

"Stop me before I shut myself up again!"

"Stop me before I tax myself broke!"

"Stop me before I confiscate my home!"

7:27 AM, March 30, 2008  

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