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The income tax is probably the worst thing that ever happened to the United States in the last century because it was always punitive and regressive. It punishes saving. It deters economic growth through investment. It takes the wage earner’s money before he or she receives their paycheck.
Our current president gives not a damn about anything but his warped ideology. I hope those deluded souls who applaud taxing the big banks – some of which never took TARP money, some of which were forced to take it, and almost all of which have paid back every dime – can keep the grin on their face when they are forced into foreclosure.
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