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.

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Comments

  1. suek says

    Only marginally topical here:

    “California has also set up an ‘unemployed legislator’ system in which the term-out collect unemployed legislator pay while waiting the requisite time period or an eligible seat opens.”

    This statement came from the comments on another blog, and supposedly was a statement made on the John and Ken radio talk show. No links provided, and so far, I’ve been unable to find any info on it.

    Can anybody come up with any ideas to help me find something to verify – or deny – it??

  2. TREGONSEE says

    This reminds me of the very early days of the Clinton administration. At a town hall Clinton simply could not understand why a business could not just pass on any tax in any amount. There was an owner of a pizza store there who tried to explain it, and finally told Clinton to talk with someone in his administration who had experience in the private sector.

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