Obama Is Flexible On Highest Tax Rates

[BlueStreak]

46. Exactly. This is all Kabuki theater

The top tax rates mean absolutely nothing. What matters are:

- Cap gain rate
- Dividend rates
- Loopholes that allow the rich to launder their income into cap gains (e.g. carried interest)
- Loopholes that allow Enron-style fake corporations and offshore accounts to avoid taxation altogether

When was the last time you hear Obama or anybody else talk about any of these 4 things? Obama talked in very vague terms about offshore money several months ago, but all the recent talk has been about the bogus top tax rate that no billionaire pays anyway.

People, wise up. This is just a little melodrama played out to entertain you. Obama plays the heavy. Boehner plays the victim. They put together a phony deal that involves only that bogus rate and everybody is happy.

We are being sold out. It is happening before our eyes and nobody even talks about it.