Tuesday, June 30, 2009

Investment Banker - It's Time To Raise Taxes On Poor People

Investment bankers are just above frogs on the evolutionary scale. Were we to truly have free markets, much of what is comprised of investment banking would be illegal. They are net destroyers of capital in the economy. And their involvement in this crisis has been substantial. Now one of them has a great new idea. Raise taxes on poor people. This is the head of one of the same firms that we highlighted last week as helping themselves to extraordinary fees paid for by taxpayers in the case of GM.
posted by TimingLogic at 9:55 AM