Quintin Jardine's blog

I note that President Obama has unveiled a new policy. Make rich folks pay more tax. And it has started a firestorm, it seems. I heard a wally on an news channel a couple of days ago, getting hysterical about a mythical creature who owns a dozen Dunkin’ Donut concessions. So? What impact would higher personal taxes have on his business, as the clown was suggesting. None. Corporation taxes have always been there. They can be regulated in a way that stimulates employment and therefore generates more revenue for central government in direct and indirect taxation collected from the newly economically active. But WTF do I know? I’m not an economist, and as for Tea Parties, Scottish Blend is as far as I go.