A good primer on bad tax policy

It’s not just the video that’s good, it’s John Hindraker’s comment about Obama’s tax policies:

I think President Obama’s worst weakness is that he is ignorant, not only of economics as an academic discipline, but of business as it is commonly experienced and understood by those in the private sector. This lack of understanding promises to be an endless source of bad policy.

[youtube]http://www.youtube.com/watch?v=pTXiadVpS4M[/youtube]