[Rhodes22-list] Politics: Spread WHAT Wealth?

[Brad Haslett]

Bill,

Look at the bright side!  Obama has never actually stood his ground on
ANYTHING in the Illinois or US Senate, unless of course you count
funneling millions of taxpayer dollars to Rezko. Now that Tony is in
jail, maybe we can get some of that wealth spread to us!  There's 600
million in interest free money lying on the self in South Mississippi
that no developer will touch with a ten-foot pole because there's so
many onerous rules attached to it.  But wait, why actually build
something that people would actually live in?  Using the Obama-Rezko
model, you just get your hands on the money, you don't have to really
do something constructive with it!

I'm starting to like this guy.  You want to join me as a partner on a project?

Brad

On Fri, Oct 24, 2008 at 9:07 AM, Bill Effros <bill at effros.com> wrote:
> Will somebody please explain to me how this wealth spreading is going to
> work?
>
> Raising capital gains taxes on losses won't raise a great deal of revenue.
>
> Heavily taxing executives who have lost their jobs won't raise much more.
>
> It won't be long before we get down to "luxury taxes" -- on items like
> small sailboats.
>
> Remember that one, Stan?
>
> I'll bet it was great for your business!
>
> Then the only thing left will be inflation.  Letting the dollar collapse
> completely will boost home prices, the stock market, and force all kinds
> of people who do not consider themselves "wealthy" into higher, and more
> highly taxed brackets.
>
> When that happens, people who work will be more interested in holding
> onto their wallets than passing along what they have left to others who
> won't work.
>
> In the final analysis we always discover everyone is interested only in
> spreading the wealth of others to themselves--never the other way around.
>
> Bill Effros
>
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