Free Republic

The tremendous 7% crash in stock market prices over the last five trading days serves as over-whelming evidence that the President of the United States or someone in his inner circle leaked “material non-public information” to Wall Street traders that the AAA credit rating of the United States of America would be downgraded.. Leaking of such information is criminal activity for both the trader who profits and the leaker. Depending on the level of the leak in his Administration; the President may be forced to resign of face severe sanctions.

Forgive me for asking…but what is so wrong about raising taxes to some negotiated extent on the most wealthy taxpayers in the US? While I know this question violates conservative orthodoxy, there are a lot of folks in the US who make a lot of money…some of it easily earned (inherited), some of it by talent (professional athletes), some of it by luck (actors and lottery winners) and some of it by a lot of hard work and perseverance. Now I agree that $250,000 is not the place to start, but maybe 5 million (or some other negotiable figure and...