After the cliff
After the cliff, Dems can talk about tax cuts rather than hikes.
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Well, we cycled through the Mayan Calendar and survived, so I guess I need to face the future! But first, a review of 2012.
The stock market should not exist, because it has little or nothing to do with the underlying real economy.
Jerry Brown supported a flat tax, which made him appear more conservative than Bill Clinton, but Brown's point was that the rich exploit so many loopholes that they would actually contribute more to the treasury with a flat tax, even if it is not progressive. Benefits to interest groups could be handled as expenditures rather than complicated tax deductions, and we could have scrapped the arcane U.S. tax code. I was super-energized for Jerry Brown, and probably spent too much time volunteering on his insurgent presidential campaign in 1992.
It's worth $2200/yr. to me just to get the rich to pay their fair share. The fiscal cliff is really a stairway to heaven. The real solution, of course, is to let government create more jobs and to pay for it by printing more money, but the fear mongers have everybody believing that would be inflationary.