Saturday, December 15, 2012

Thoughts on the fiscal cliff

I overcame my cynicism for just one moment and emailed the President to say that I thought raising taxes on rich people is perhaps the most important thing he could do to start to bring our ruling elite--"we are gods!"--back down to Earth. Going over the cliff will precipitate a recession anyway, if any fiscal tightness is applied at all, so the President would be well-advised to take his recession early in his term.

Hope springs eternal.


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