The “Buffett Rule” is propaganda and other must-reads
January 31, 2012, 1:45 PM
By Cody Willard
Here’s what I was reading and thinking about today when I wasn’t preparing for another week of a earnings blitzkrieg.
Politics/banking (is there a difference anymore?):
Indicator Update: An Avalanche of Data
Obama Bluffs on ReFi? – Why do welfare programs for homeowners get a free pass? How are homeowner welfare programs a “liberal” cause anyway? How about help for renters, as I’ve asked for years and years? Every bit of goverment assistance for the real estate industry comes out of the pocket of people who don’t own real estate. Just sayin’.
Financial Systems and Italian Cruise Ship Captains
So Why Hasn’t SEC Enforcement Chief Robert Khuzami Resigned? SEC Only Now Investigating CDOs Created on His Watch at Deutsche Bank
Democratic Senators to Push ‘Buffet Rule’ – NYTimes.com - Yeah, that’s all we need, more taxes for the Republicans and Democrats to spend. Forty years ago, corporations accounted for nearly 40% of Federal Tax Revenues. Today they account for 6%. Republicans need to stop pretending that they are fighting for “lower taxes” and START FIGHTING AGAINST ALL FORMS OF regulation capture, bailouts, and corporate welfare. Democrats need to stop pretending that they are for “even playing field” and START FIGHTING AGAINST ALL FORMS OF regulation capture, bailouts, and corporate welfare. Bailouts alone added $6 trillion to our national debt in the last four years and now we have to deal with Warren Buffett’s “millionaire tax” strawman. Taxes are a small part of how the government redistributes wealth.
Gingrich’s January Haul Is $5 Million – Who sends these Republican/Democrat millionaires money? You don’t have a better place to help with your donations? People who send politicians “donations” truly make me sick. Bad enough that you people vote for Republicans and Democrats but to take your hard-earned money and just send it to them so they can propagandize more? You Republicans and Democrats truly make me sick.
Cross-posted from TradingWithCody.com, where I post all my trades in real-time, a service not affiliated with MarketWatch.
Cody Willard writes Revolution Investing for MarketWatch and posts the trades from his personal account at TradingWithCody.com. At time of publication, Cody was net long Apple and Google and starting to buy Sandisk calls.
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