On Thu, Oct 21, 2010 at 1:12 PM, Doug Henwood <[email protected]> wrote:
> > The part that struck me waas how Schiff kept insisting that his > > current tax rate was 50%. I wish Doug had challenged him on that > > because I simply can't see how that's possible with the capital gains > > tax rates we have. > > I wish I had too. But it was hard to get a word in. I was amused that he > couldn't really name a way in which those onerous regulations stopped him > from doing anything he wanted. Indeed. He kept insisting that small business fail because of the "regulatory burden" that doesn't bother those nasty big firms because they have "the economies of scale" to deal with the regulations. Apparently, it's not about the economies of scale when it comes to manufacturing or providing services . . . And the whole idea that he would retire if his taxes went "very much" higher may be the most disingenuous thing I've ever heard anyone say. j
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