Pethokoukis may have a point here. After all, the 1 % have made out like bandits during Obozo’s administration. I say tax increases for them, but only if the increases goes toward cutting the deficit and are earmarked for that only and nothing else. The Republicans need to focus on stopping illegal immigration. That is a winning ticket. Most Americans are fed up with our country being invaded.
Only because of increasing stock prices & real estate. And those are propped up by QE and zero interest rates.
Cut taxes and the 1% will make money, but the old fashioned way, and a rising tide etc.
But that 1% have made out for reasons of tax code nuances and cronyism, not due to tax rates. As another poster said, time may be ripe now for overhaul of IRS code and the 80 thousand page tax code.
To just say “tax the rich” is not right, nor is it conservative. To say quit having a government making certain connected people rich certainly is the essence of limited gov conservatism.
“Pethokoukis may have a point here. After all, the 1 % have made out like bandits during Obozo’s administration.”
No, he doesn’t have a point. The 1% only made out because the federal reserve artificially keep interest rates at near zero, which forced all available cash into the stock market. With that much to be made in the market nothing was invested to create new jobs.
The rich will always get richer when Keynesian morons destroy the economy, which is what the RATS did when they took control.
They have made out like bandits due to ZIRP and quantitative easing, not because of low taxes. It's the monetary policy side where we need to get to work.