George Will reviews the mistakes of the first depression. Gee the remedy sounds the same this time around, will it last fourteen years like it did then?
As you study tax 'law' you will learn that the continual tinkering with the system sends conflicting messages to business decision makers. Finally they get to the point of not knowing what to do, what will the government do or subsidize or stimulate next, who knows. One can already see this happening, as Will says, save Bear Stearns, let Lehman collapse, help autos, nationalize banks, jolt the economy, what next? If you had any money would you invest it in anything at the moment? I suspect most of us would simply reply no thanks I want to see what the govt dreams up next. Will I be bailed out or will I be taxed on my success, good question, as usual a great George Will column.
This is off subject, but an interest article about the world wide web.
http://www.wired.com/techbiz/people/magazine/16-12/ff_kaminsky?currentPage=all
Posted by: Trey | December 01, 2008 at 09:27 PM