Sunday, October 26, 2008

Larry Kudlow Is An Idiot

Not that you didn't know that. But

The corporate tax rate should be slashed from 35 percent to less than 25 percent, including capital-gains. (Corporations, let’s not forget, don’t pay taxes. Only individuals do, since business costs are passed along to consumers.)

Whew. That's a relief. Guess I didn't need to fuck around with all those courses in Federal Taxation after all. Will the last lawyer or CPA please turn out the lights? Riddle me this, Batman -if the State can't shake the corporations down how come the corps all have such heavy tax departments? How come they generate all of this case law? If they never pay anything why should we care what the rate is? Oh, right, I forgot. The ultimate price is paid by the consumer. Hey, that's good ol' Larry for you. Always looking out for the little guy.

What an asshole. Must be hitting the pipe again.