But in fact, the investor class has outsmarted Obama.And they have broken no laws in doing so.They pay their taxes. No way he can even get at them. This is one reason the IRS has pursued numbered Swiss Bank accounts so vociferously , of late. Its almost impossibly expensive to audit them, and thats a good thing.
Its really quite laughable.
America cannot be "America" without its so called investor class. In due time Obama will come to realize this fact.He needs their tax revenue right here at home.Until they return, there will only be a very sluggish , meandering recovery.They represent about 40% of all market capital that has now exited and that is the reason the Dow is 40% down from its former highs in 2006.People just folded their capital tents and left for much greener pastures.
http://www.freerepublic.com/focus/f-news/2209313/posts
http://www.villagevoice.com/content/printVersion/850296
The sentence below is interesting. If it is true that there is about $600 trillion toxic waste floating around the globe, my guess/feeling is there is no banking system that is safe. Please when you have time, let me know what you think. Thanks so much.
“What about the $600 trillion in credit derivatives that are still out there, sucking vital liquidity and credit out of the system? It's the tyrannosaurus in the mall, the one that made Henry Paulson, the former Treasury Secretary who looks like Daddy Warbucks, get down on his knees and beg Nancy Pelosi for a bailout.”