Obama’s grand plan is centered on taking money from the rich and either spending it like a drunken sailor or giving it away to folks unburdened by work.
Well, the financial crisis has vaporized mucho wealth and cut the number of mega-earners.
Anybody with any serious money and a brain must be plotting how to shelter earnings and wealth from taxes — either because they loath taxes in general, or because they’re not fans of the Obama-Reid-Pelosi spending spree.
Question: So, if there are fewer rich people, and if the remaining rich people shelter their dough or pull a Geithner and just forget to pay taxes … what will Obama redistribute ?
My bet: The definition of rich will start sliding down the scale. We’ll all be rich — at least in the eyes of the tax collector. Hide your wallet.
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