Friday, April 17, 2009

Quote of the day

'An acquaintance from law school, now a partner in one of Washington's biggest and wealthiest law firms, explained to me one day over lunch how he and his partners use tax rules to create offsetting taxable gains and losses, and then allocate the gains to the firm's foreign partners who don't pay taxes in the United States. That way, they keep the losses here and shelter their income abroad. I noticed he had an American flag lapel pin. "You're supporting our troops," I said, referring to his pin. "Yup," he replied, entirely missing my point.- Robert Reich


Sheldon said...

Very telling!

If there is one thing that pisses me off about these tea bag tax protests is that a sizable proportion of the people involved supported going to war in Iraq. Right-wing radio hosts and Fox News who have promoted these Tea bag protests vigorously.

So basically they support spending money on a wastful military adventure, yet they oppose paying for it.

Hume's Ghost said...

Yep, when Henry Waxman was getting ready to hold hearings on contractor corruption in Iraq, Michelle Malkin called him "obstructionist."