Mark Zandi, chief economist at Moody's Analytics (yes, technically not the ratings side of the company, but nonetheless), shows how either economic stupidity, kowtowing to Wall Street, or both, has infected the whole damned company.
How's that, you ask?
His argument to extend the Bush tax cuts for the wealthy. He even admits the economy did fine in the 1990s with higher tax rates, then claims raising the taxes on the upper end now would hurt job growth.
That said, I know conservatives invented "death tax" to replace "estate tax." On the countervailing side, the first phrase that pops into my head is "parasite tax" for the rich who only produce money, especially folks like hedge fund managers who don't want their income taxed as, well, INCOME!
Help me out, folks, if you've got more ideas.
Speaking of, I have an idea to trump Zandi. Let's tax both corporations, on the corporate side, and CEOs and board members on the individual side, for each job outsourced overseas!
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