Would Taxing the Super-Rich Raise Much Revenue?
Its not a revenue issue. What Buffet was talking about was coddling. What does that mean? It means that at the height of the Bankers Hysteria in 2008, Buffet gets invited to Ben's office and Ben tells him where tax payer borrowings will be delivered, and Warren should go there with a bucket to collect dough. This is the definition of Keynesian.
California gets a hefty tax bill a few years after Ben gives the store away to the wealthy. California is now being hit with additional debt costs courtesy of the Geithner's Socialist Banking Network.
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