Tuesday, September 20, 2011
Buffett Tax Translation
"We can’t afford these special lower rates for the wealthy — rates, by the way, that were meant to be temporary." ' (1)
Observation: the tax code is a political creation or an economic creation? The loop holes and tax rates are a political creation or an economic creation?
In Action: does economic man, faced with politico man's tax code, act rationally to reduce tax to the maximum extent?
Translation: the ultimate "creator" [politicos] want to merely recreate in their own [new, newest] self image. Its not about economics, its all about politics.