Saturday, 1 December 2012

The 2 percent solution

Hatchet-faced charmer Mary Matalin was on CNBC last evening, talking about the fiscal cliff.  She opined that it was wrong for President Obama to propose raising taxes on the top 2 percent of US taxpayers (roughly speaking, those declaring incomes in excess of $250,000 a year) because those are "the small business owners that we rely on to get the economy growing again".

Wow, who knew small business in the US was such a lucrative proposition?  Those of us who imagined that the 2 percent were Wall Streeters and hedgies and senior executives of large corporations certainly stand corrected.  Thanks for clearing that up, Mary.

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