Higher Taxes here we come!

Great segment on The Kudlow Report should prepare us for the coming tax storm; it looms ominously before us. It looks like Democrats will start with the "evil" hedge funds and capital investment firms. With the massive health care bill they will slice and dice the rest of the 95% that Obama said he wasn't going to tax.

Another $7.5 Billion For GMAC

Now that the Obama Administration has set Fiat and the UAW as owners of GM, I expect more tax dollars to shore up GM and Chrysler for many years to come.

BTW, GM might still end up bankrupt even with all the taxpayer funds thrown its way.

Lucky you! It's time to file your taxes!!!

The holidays are over and now its time to settle the reckoning for 2008. That's right dear taxpayers; it's the most fun time of the year---TAX TIME!! If you have any "fun" stories or gripes regarding filing your taxes, send a note to Tax Girl since she is running a contest for the most nightmare story regarding filing. Now that the whole country has gone insane and has pretty much accepted more bailouts, stimulus packages, government programs to "help" the economy get back on its feet, we can surely expect to spend more time working to pay taxes than ever before. Yippee!!

Best post I've read on Warren Buffet...

Buffett is no doubt a genius at investing. No one makes $50 billion by luck and he didn't suck at the government teat to do it. But as a moral philosopher, he's an idiot. Who the hell is he to decide for others where they ought to spend their money? Worse, who is he to decide it's ok for the Feds to take it?

If Buffett feels compelled to give half his wealth to Bill Gates's wife so she can feel noble by providing diseased Africans with medicine to keep them alive three months longer, that's his right. He has no right to ask Congress to compel the rest of us to go along.

Read more at Shaving Leviathan

Government Bailout

HT: Carpe Diem