Tuesday, October 9, 2007

Grab some cash and make a stash

Not rich enough to hire lobbyists? Sorry, you middle class little people get the check. The investor class's wallet is in the other Ferrari.

Why not tax this income as ... income? The only rationale advanced in the story is some dark and vague possible adverse economic effect. Couldn't that effect just as easily be positive - maybe move some creative minds back into creating value instead of siphoning off cash with the pretext of financial market efficiency?

Americans used to be embarrassed by selfishness, but that is so retro at this point.

No comments: