Tuesday, July 10, 2012

Quick quiz for supporters of Obama's tax hikes

Will the peoples' money do more good in the hands of Bill Gates and Warren Buffett, or will it do more good in the hands of the series of solar energy companies like Solyndra which have gone bankrupt?

OK, now that we've got that figured out, can we please, please, please put Obama's tax hike proposals in the circular file where they belong?

If not, consider that since tax cuts have generally resulted in higher tax revenues after a year or so, we appear to be clearly on the wrong side of the Laffer curve.  So it's not even clear that Obama's proposal to "soak the rich" would even generate more revenue for him to put into the next Solyndra or Volt.

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