[Rhodes22-list] Politics: Spread WHAT Wealth?

[Bill Effros]

Brad,

I don't think my $15 donation will move us to the top of that list.

We've got to put him on retainer like the ping-pong guys, or buy him a 
house like Rezko.

He's not playing for chump change anymore.

Bill Effros

 
Brad Haslett wrote:
> 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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