Geithner: rich need to pay more taxes for “privilege of being an American”

Geithner: rich need to pay more taxes for “privilege of being an American.” Translation:we gotta raise taxes ’cause Obama’s gonna lose the election if we try to cut spending. Timmy oughta know better than anyone that raising taxes doesn’t mean you’re gonna get more revenue ’cause wealthy people find ways to avoid taxes, such as hitting the wrong key on Turbo Tax or docking their yachts in low tax states.

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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