It seems to me that if this current financial crisis does nothing else, it should drive a stake into the heart of any notion that there is any sort of shortage of investment capital that would be created by taxing the wealthy more, or that we would have even more growth if only we taxed the wealthy less. Look, even buying stocks on a secondary market like the NYSE doesn’t capitalize anything, and if you consider nth order derivative “investments” even further from even the shadow of capitalizing anything, that managed to suck in $70 trillion for CDSs alone, the federal tax burden, in comparison is a laughably trivial diversion of the resources of the wealthy from productive investment.

The tax code could confiscate >95% from the top brackets, and if only it also encouraged actual investment that capitalized production, instead of what has amounted to a sophisticated craps table, we would still see more useful investment from the wealth of the wealthy. Instead of 100% going into gambling, at least 5% would be put to use. And this is not even taking into account that the govt would use that confiscated 95% of their wealth to get useful things done, such as restoring crumbling basic infrastructure, and building new infrastructure to help us reduce energy use.

Please don’t tell me that this is class warfare. You will know that class warfare has begun when they set up the guillotine on the Mall. Maybe we won’t get there if we fix the tax code first.

Replace “anyone’s” with “obscenely rich people’s” Mr. Rove.

http://www.youtube.com/watch?v…..038;fmt=18

- Tom

To say Obama is raising too much money is just ridiculous.

As for McGramps and Palin’s chemistry, let’s just say Cindy should keep her divorce lawyer on speed dial and remember how she got in the big chair in the first place.

The genie is out of the bottle now, and Palin’s gonna be the new face of the GOP; she ain’t going back down on the farm.

And McGramps will be only too happy to serve as her Washington tour guide.

It’s become clear to LOTS more Ohioans, thanks to the McSalin Campain’s visitation onto the hallowed ground of Green High School’s bleachers yestidie, followed by airing of Brian Williams’ interview of the starlit couple. (to be found on utoob, no doubt, as well as HuffPo)

The gurus of this campaign have no one to blame but themselves.

They set out to hire a snake-oil salesperson, and they got their wish.
Sarah has the mental heft of a milkweed seed, and a small fraction of the usefulness. McSame needn’t glare at her and everyone else to track the source of his troubles. All ne needs is a mirror. Nice job, boyz! heh.

He was just on MSNBC saying to Anita Dunn of Obama’s campaign “Obama’s raised over 3/4 of a billion dollars during this election cycle; when is ‘enough’ enough?

I seemed to miss hearing those comments when the Rethugs had all the cash; in fact I seem to remember smug comments about their ’superior oganization & fundraising skills.’

Now, not so much.

Screw you Chuck.

;>)