Tuesday, August 16, 2011

How Much Money Equals An Infinite Amount?

Buffett makes some valid points about the tax codes inequities, but please, can we quit kidding ourselves that we can tax our way to prosperity? 

How much of other people's money will politicians spend?    ALL OF IT.  There's an infinite demand for a politician to spend other people's money to burnish political legacies. 

Without a constraint built into the government, which will prevent politicians from doing what politicians do (spending other people's money and blaming other politicians for not letting them spend more), it is morally represhensible to give these buffoons more power to take other people's money.
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&ref=opinion

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