Friday, March 20, 2009

Or maybe not

Kleinheider suggests that the FONCE exemption may be "a loophole that one might want to close during a budget crisis and glocal [sic] economic meltdown." I would suggest that a big part of the problem right now is that people are afraid to invest because they do not know when their competition will be the government. Investors want some level of predictability and the government is not giving us that. Tax increases are not the answer.

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