Belmont Club

By Richard Fernandez

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The road to serfdom

July 18, 2008 - 4:30 pm - by Richard Fernandez
RWE
2008-07-18 17:35:46

Paul from Hollywood: It’s worse than that, actually. Much worse. Obama says he is for raising taxes because of “fairness.” He then cited a number of hedge fund managers who collectively have made hundreds of millions of dollars. And that is just not fair in his mind. Never mind that raising taxes is proven to reduce tax revenue. Never mind that most of what he would spend the money on consists of programs that were proven to fail over 30 years ago. It’s about fairness. In other words, it is not enough that I do well; others must be laid low – and “laid” as in “screwed.”