Friday, April 4, 2008

Rollin' down the (wrong) track

So, according to a New York Times poll, 81 percent of people asked believe the country is headed in the wrong direction.
http://www.nytimes.com/2008/04/04/us/04poll.html?_r=1&hp=&adxnnl=1&oref=slogin&adxnnlx=1207314700-ZhK/iMAbMJjKQ031IOCcRQ

What's surprising to me is that there are 19 percent who think everything is hunky dory. I'd bet some of the 19-percenters are those who are giddy over the tax climate in this country, where public officials frequently fall all over themselves to reduce taxes for those who already can afford vacation homes in the Hamptons.
This is what I firmly believe. I believe that the ultra-rich among us have much more longer term views of life than those who struggle week to week or even day to day. They know that the national climate fluctuates and that there will be periods - usually coinciding with a Republican administration - when the push will be on to cut taxes. So they take advantage of that climate while they can, knowing they can increase their holdings enough during those times to weather the storm once the winds of change blow the tax-cutters out of office.
As they might say, you can take it to the bank.

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