Friday, March 14, 2008

How not to run an economy

Central banks around the world are injecting hundred of billions of dollars into the United States economy in a desperate attempt to avert a meltdown of the global economy.

Congressional Democrats view this as a perfect time to raise hundred of billions of dollars of new taxes from the United States economy.

There's also been some talk from the Democrats about raising capital gains taxes on hedge fund managers. If the Democrats can actually find a hedge fund manager that earns any capital gains in the next 18 months, they might even raise some revenue this way.

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