The Trade Tax, Fear Index, and Obama’s Common Man
The latest proposal on the table from President-elect Obama’s advisers is taxing market trades. This is a spectacularly bad idea. In a recent article in The New York Times, op-ed columnist Bob Herbert laid out the reasons behind the recently proposed tax on “the sale or transfer of stocks, bonds and other financial assets, including the seemingly endless […]
Geithner’s Problem is Not Taxes, But Does it Matter?
Image via Wikipedia While Timothy Geithner’s tax issues are troubling, the real issue is not what he was doing when he was filing with the IRS, but what he was doing when working for the Fed on Wall Street. Let’s get the obvious issues out of the way first. Geithner’s tax problems are severely troubling. Over […]