11/04/2008

Withholding Tax on Dividends?

Markets:
Watch out below. It always surprises me that smart guys with money can't believe anything past their prejudices, but they just didn't believe that most of America actually hates the Republicans for what we have done to them. Bye bye Laissez Faire, the real casualty in all this, and hello government telling us what we can and can't do for.....I hate to say forever but these pricks will bypass the Constitution. Anyway, Dow 7,000 isn't out of the question. Capital is looking to flee, to what place I don't know.

BTW job one two or three is to nationalize the auto companies which will enshrine the worst union in the country (a co-cause of their malaise) and put government employees in charge of the car business. That'll fix stuff.

Look for Pelosi and company to demand dividend withholding tax in order to challenge the entire concept of stock ownership for retirement accounts. That way all of us will have only the government around to support us in our second childhoods.

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