[okie01]

A shame when a Brit "gets it" better than 90% of the media in the country where it is happening.

That's because 90% of the media have the same socialist impulse and crossed with flat-out ignorance of economics as the President has.

What Obamma is proposing is akin to building a wall around the nation...to keep businesses in! Shades of East Germany...

[Graybeard58]

That's because 90% of the media have the same socialist impulse and crossed with flat-out ignorance of economics as the President has.

I have been checking in with some of the alphabet net work's "talking heads" recently and you couldn't be more right, the economic ignorance is astounding.

Ignorance generally too.

[Ben Ficklin]

"A shame when a Brit gets it"

The Brit doesn't get it. The tax code problem is really a tax loophole problem.

The tax loophole problem is really a problem of a corrupt congress, often referred to as systemic corruption, institutionalized corruption, or legal corruption.

And systemic corruption is not limited to the tax side, but also the subsidy side.

The flow of this money from loopholes and subsidies is circular. A sizable portion of it flows back into campaign donations. The amount of money that flows back to individual members of congress is dependent on that member's status in congress. Which committee he gets assigned to, a chairmanship on the committee or subcommittee, especially an appropriations committee. There is a special name for them, "Congressional Cardinals". There is a reason why the House Ways and Means Committee has 39 members