(Community Matters) Friedman on Emanuel in Chicago – A Progressive in the Age of Austerity
I’d like it even more if Cut, Pay & Invest
Reminds me of Warren Buffett’s story: A genie is talking to twins in the womb. Tells them they’ll each be bright, beautiful and rich beyond their wildest dreams. Only issue is, one will be born in the US & must pay 70% taxes while the other will pay no taxes & be born in Bangladesh. Guess where they both want to be born.
Wealthy Americans will pay a premium for US services – stability of markets, access to capital, rule of law, roads, healthcare and other services. Talk that modestly higher, marginal taxes will stifle job creation is total bullshit.
Community Matters 
I think there’s a growing consensus that we need higher tax rates. If Mitt Romney becomes president, I bet $100 that he proposes an income tax rate increase within a year, and that the Republicans in Congress vote for it. The silver lining to a Romney presidency may be a return to common sense and an abandonment of “socialism” claims by people scared of a Democratic president.