"Idiots on Wall Street Kicking Sand in the Face of the American Taxpayer"

Tuesday, December 11, 2007

Washington Favors Working Class

In handling the country's finances, the folks in Washington are beginning to favor - resemble, that is - the working class. As they scurry around trying to solve that pesky little problem of the Alternative Minimum Tax, looks like our politicians will resort to a tactic created and mastered by the working class: Can't pay the bill this month (year)? Toss it over into next month's (year's) pile. And it is completely understandable, their refusal to raise taxes on those Wall Street financiers. Hell, we aren't giving up our beer and cigarette money either.

That Rangel, though, he tried.

He also proposed raising more AMT revenues through closing a tax loophole that allows hedge fund managers to defer taxes on their pay by sheltering it in offshore tax havens.


Maybe the working class could take a lesson from the hedge fund managers: tax man starts catching on to your money stash, send it offshore. You know, bottle it up and stick it in the creek.

Eventually, our leaders will learn something else known all along by the working class, something Mama always said: "You can't squeeze blood from a turnip."

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